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.
Sold
C$1,425,000
183 Ottawa St S, Kitchener, ON N2G 3T3
--beds
7baths
7,447sqft
Multi-6-9 Unit, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$191/sqft
C$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: March 16, 2025 at 09:15pm
Listed by:
Tony Johal, Broker,
RE/MAX TWIN CITY REALTY INC. BROKERAGE-2
Source: ITSO,MLS®#: 40683779Originating MLS®#: Waterloo Region Association of REALTORS® (WRAR)
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 7
Heating
- Electric, Fireplace(s), Natural Gas, Other
Cooling
- Other
Appliances
- Included: Dryer, Refrigerator, Stove, Washer
- Laundry: In-Suite, Other
Features
- Accessory Apartment, Separate Heating Controls, Separate Hydro Meters
- Basement: Separate Entrance,Full,Unfinished
- Has fireplace: Yes
Interior area
- Total structure area: 7,446
- Total interior livable area: 7,446 sqft
- Finished area above ground: 7,446
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage, Built-In, Lane/Alley Parking
- Attached garage spaces: 1
- Uncovered spaces: 1
Accessibility
- Accessibility features: Multiple Entrances
Features
- Frontage length: 43.00
Lot
- Size: 4,300 sqft
- Dimensions: 100 x 43
- Features: Near Golf Course, Highway Access, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby
Details
- Parcel number: 225790050
- Zoning: L1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-6-9 Unit, Multi Family
Materials
- Brick
- Foundation: Concrete Block
- Roof: Asphalt Shing
Condition
- 51-99 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & neighborhood
Location
- Region: Kitchener