REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Elizabeth Pullman

[email protected] +1(905) 329-0460

Listed by Kyle Church • Royal LePage Wolle Realty

$ 3,850,000

Est. payment -/mo

Save Virtual Tour

Active

28-30 Ontario Street S Kitchener, ON N2G 1X2

6,000 SqFt

UPDATED:

10/16/2024 06:30 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $641

MLS Listing ID 40663085

Abv Grd Liv Area 6,000

Originating Board Waterloo Region

Annual Tax Amount $17,430

Property Description

An exceptional opportunity to purchase a recently renovated building - the Condor Suites - in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently vacant and available for lease or for the purchasers own use. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom - including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities.

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning 29.5

Direction Ontario St S between King St W and Charles St W.

Rooms

Basement Partial, Partially Finished

Kitchen 0

Interior

Interior Features Separate Heating Controls, Separate Hydro Meters

Heating Heat Pump

Cooling Ductless, Energy Efficient

Fireplace No

Window Features Window Coverings

Appliance Built-in Microwave, Microwave

Laundry Common Area, Shared

Exterior

Garage Attached Garage

Garage Spaces 1.0

Waterfront No

Roof Type Flat,Membrane

Lot Frontage 29.5

Parking Type Attached Garage

Garage Yes

Building

Lot Description Park, Public Parking, Public Transit, Shopping Nearby

Faces Ontario St S between King St W and Charles St W.

Story 3

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding

New Construction No

Others

Senior Community No

Tax ID 224270058

Ownership Freehold/None

Elizabeth Pullman

Advisor | License ID: 4780123

+1(905) 329-0460

GET MORE INFORMATION