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$2,099,000
Available - For Sale
Listing ID: X12781782
Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential.
Price $2,099,000
Taxes: $25,500
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Tenant
Address: 15 Floral Crescent , Kitchener, N2G 3B3, Waterloo
Postal Code: N2G 3B3
Province/State: Waterloo
Directions/Cross Streets: Doon Road
No. of Pieces Level
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Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 8,736
Total Area Code:  Square Feet
Area Influences: Major Highway   Public Transit
Approximatly Age: 51-99
Maintenance: 0
Heat Type: Radiant
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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HomeLife Power Realty Inc

15 Floral Crescent , Kitchener, N2G 3B3, Waterloo

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Maria Tompson
Sales Representative
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At a Glance:
Type: Com - Investment
Area: Waterloo
Municipality: Kitchener
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 113.19(Feet)
Approximate Age: 51-99
Tax: $25,500
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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