Description

 Price: $ 3,388,888.00 MLS^®: X12145095         Location : 142-146 Fergus Avenue, Kitchener, ON N2A 2H2

Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income

Location Description

Weber Street East and Fergus Avenue

Property Details

• Property Type: Tenant/Commercial
• Garages: In/Out

Building Features

Features

• Heating: Gas Forced Air Closed
• Sewer: Sanitary+Storm ,