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For sale
  • C$1,289,000

    24 Cait Ave, Kitchener, ON N2C 1G4

    5beds
    6baths
    3,220sqft
    Multi-6-9 Unit, Multi Family
    Built in 1963
    -- sqft lot
    $-- Zestimate®
    C$400/sqft
    C$-- HOA

    What's special

    Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value.
    37 days
    on Zillow
    |
    23
    |
    1
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 05, 2025 at 07:27am

    Listed by:

    Flav Onsen, Salesperson,

    Royal LePage Wolle Realty,

    Radu Nicolici, Salesperson,

    ROYAL LEPAGE WOLLE REALTY

    Source: ITSO,MLS®#: 40719549Originating MLS®#: Waterloo Region Association of REALTORS® (WRAR)
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    Heating
    • Baseboard, Natural Gas, Radiant
    Cooling
    • None
    Appliances
    • Laundry: Coin Operated, Shared
    Features
    • Separate Heating Controls, Separate Hydro Meters, None
    • Basement: Full,Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 3,220
    • Total interior livable area: 3,220 sqft
    • Finished area above ground: 3,220

    Property

    Parking
    • Total spaces: 8
    • Parking features: Outside/Surface/Open
    • Uncovered spaces: 8
    Features
    • Frontage type: North
    • Frontage length: 76.35
    Lot
    • Size: 10,078.2 Square Feet
    • Dimensions: 76.35 x 132
    • Features: Rectangular, High Traffic Area, Highway Access, Park, Place of Worship, Public Transit, School Bus Route, Schools, Shopping Nearby
    Details
    • Parcel number: 225850120
    • Zoning: RES-5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi-6-9 Unit, Multi Family
    Materials
    • Brick
    • Foundation: Poured Concrete
    • Roof: Tar/Gravel
    Condition
    • 51-99 Years
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Sewer (Municipal)
    • Water: Municipal

    Community & HOA

    Location
    • Region: Kitchener

    Financial & listing details

    • Price per square foot: C$400/sqft
    • Annual tax amount: C$6,440
    • Date on market: 5/7/2025
    • Inclusions: None
    • Exclusions: Tenant's Belongings fridge And Freezer In Unit #1; Freezer In Unit #4; Freezer Chest In Unit #6.
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