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Chris Adams

chris.adams@easyhometeam.ca +1(519) 804-1978

Listed by Matt Bowlby • Royal LePage Wolle Realty

$ 799,000

Est. payment | -/mo

4 Beds

5 Baths

2,788 SqFt

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$ 799,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

5 Baths

2,788 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,788 sqft

Price per Sqft $286

MLS Listing ID 40833193

Bedrooms 4

Abv Grd Liv Area 2,788

Year Built 1985

Annual Tax Amount $6,879

Property Sub-Type Multi-4 Unit

Source Cornerstone

Property Description

An exceptional investment asset with high-yielding revenue streams in the heart of Kitchener's thriving tech and innovation hub. Strategically positioned on a massive 0.24-acre lot with EMP-1 Employment Zoning, this highly versatile property features a multi-unit residential building plus a rare, substantial concrete block detached garage compound. The primary building consists of four tenanted one-bedroom units plus an additional bonus studio space offering immense value-add potential, all serviced by robust radiant heating. Completely independent from the residential leases, the four garage bays operate as distinct, cash-flowing commercial and storage rental units equipped with their own separate hydro meters, including an active automotive shop with excellent street visibility and signage. Generating cash flow with immediate scaling potential, the property also features a massive asphalt driveway accommodating eleven off-street parking spaces. Located just steps from major transit lines, commuter rail links, tech employers, highway access, and downtown amenities, this recession-proof portfolio addition appeals equally to commercial owner-operators, traditional multi-residential investors, and premium value-add buyers looking to secure a dominant footprint in a premier location.

Location

Province ON

County Waterloo

Area 1 - Waterloo East

Zoning EMP-1

Direction Victoria St N to Margaret Ave to Breithaupt St

Rooms

Basement Full, Unfinished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Radiator

Cooling None

Fireplace No

Window Features Window Coverings

Appliance Refrigerator, Stove

Laundry None

Exterior

Parking Features Detached Garage

Garage Spaces 4.0

Roof Type Asphalt Shing

Lot Frontage 66.77

Lot Depth 158.11

Garage Yes

Building

Lot Description Rectangular, Ample Parking, City Lot, Highway Access, Industrial Park, Public Transit, Shopping Nearby, Trails

Faces Victoria St N to Margaret Ave to Breithaupt St

Story 2

Sewer Sewer (Municipal)

Water Municipal

Structure Type Aluminum Siding

New Construction No

Schools

Elementary Schools Suddaby, Margaret Ave, St. Teresa

High Schools Kci, St. David

Others

Senior Community No

Tax ID 223200123

Ownership Freehold/None

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Chris Adams

Broker

chris.adams@easyhometeam.ca

+1(519) 804-1978

1440 King Street North St. Jacobs, ON, N0B, 2N0, CAN

202 Breithaupt Street Kitchener, ON N2H 5H4

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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202 Breithaupt Street