$725,000

59 Durham Street

Kitchener ON, N2P 1G5

Description

ATTENTION savvy investors, invest in this fully operating student rental RIGHT across the street from Conestoga Colleges growing Kitchener campus. 6.3% cap rate on day ONE!! You can literally walk to the campus in 3 minutes. The 401 is also a 1 minute drive from this property. With this MASSIVE lot size, it has potential for future development. There is still lots of room for improvements to increase rents over time which will increase the value of the property, and the cash flow. Get into this property before it sells! If youre an investor looking for massive cash flow on day one, this is it! Contact the listing agent for the financial package.

Details

MLS#40008048
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1982
Days On Site67

Features

SQ Feet1,800
Building(s)1
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Area Information
ProvinceON
CountyWaterloo
CityKitchener
Postal CodeN2P 1G5
Area3 - Kitchener West
Listing VS Median (in N2P 1G5)
Price:
$725,000
low | high
Med:
$725,000
50% of Average
SqFt:
1,800
low | high
Med:
900
100% of Average
$ / SqFt:
$403
low | high
Med:
$201
100% of Average
On Site:
67
low | high
Med:
71.500000
93.706293706294% of Average
Listing Updated: 10/21/2020
MAT PICHE LogoMLS Number: 40008048
Listing Provided By:
MAT PICHE  of  THE VANCOR GROUP REAL ESTATE BROKERAGE INC.
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