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.
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
- 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
Video & virtual tour
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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