24 Cait Avenue new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2C 1G4
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $419
MLS Listing ID 40719549
Bedrooms 5
Abv Grd Liv Area 3,220
Originating Board Waterloo Region
Year Built 1963
Annual Tax Amount $6,440
Property Sub-Type Multi-6-9 Unit
Property Description
Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning RES-5
Direction Wilson Ave to Woodhaven Rd on Cait Ave
Rooms
Basement Full,Finished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters,None
Heating Baseboard,Natural Gas,Radiant
Cooling None
Fireplace No
Laundry Coin Operated,Shared
Exterior
Roof Type Tar/Gravel
Lot Frontage 76.35
Lot Depth 132.0
Garage No
Building
Lot Description Rectangular,High Traffic Area,Highway Access,Park,Place of Worship,Public Transit,School Bus Route,Schools,Shopping Nearby
Faces Wilson Ave to Woodhaven Rd on Cait Ave
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 225850120
Ownership Freehold/None
Virtual Tour https://unbranded.youriguide.com/24_cait_avenue_kitchener_on/