183 Ottawa Street S Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2G 3T3
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,446 sqft
Price per Sqft $201
MLS Listing ID 40683779
Abv Grd Liv Area 7,446
Originating Board Waterloo Region
Annual Tax Amount $8,387
Property Description
Prime Investment Opportunity in Downtown Kitchener located along the LRT tracks and just 450 meters from the station, this 7-unit property offers exceptional accessibility and convenience. Spanning 7,447 sq. ft. of above-grade space, it provides a rare opportunity to expand to 9 units plus a garage and full basement, unlocking additional income potential. Currently generating a reliable NOI of $73,000, the property promises substantial growth in a high-demand rental market. Surrounded by many amenities and steps from transit, it's an ideal investment for those seeking to maximize returns or leverage its mixed-use potential. Vendor Take-Back (VTB) Financing is Available.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning L1
Direction COURTLAND AVE E -> OTTAWA ST S
Rooms
Basement Separate Entrance,Full,Unfinished
Kitchen 0
Interior
Interior Features Accessory Apartment,Separate Heating Controls,Separate Hydro Meters
Heating Electric,Fireplace(s),Natural Gas,Other
Cooling Other
Fireplace Yes
Appliance Dryer,Refrigerator,Stove,Washer
Laundry In-Suite,Other
Exterior
Parking Features Attached Garage,Built-In
Garage Spaces 1.0
Roof Type Asphalt Shing
Handicap Access Multiple Entrances
Lot Frontage 43.0
Lot Depth 100.0
Garage Yes
Building
Lot Description Near Golf Course,Highway Access,Park,Place of Worship,Playground Nearby,Public Transit,Rec./Community Centre,Schools,Shopping Nearby
Faces COURTLAND AVE E -> OTTAWA ST S
Story 2.5
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 225790050
Ownership Freehold/None