$1,350,000
For sale: Multiplex

Turn-key investment opportunity offering an attractive 6.36% cap rate! This tenanted six-unit property features a desirable mix of two one-bedroom units and four two-bedroom units, all updated and providing comfortable living spaces for residents. Separate hydro meters simplify utility management, while shared coin-operated laundry offers an additional amenity. Residents can also enjoy a shared green space and a newly paved parking lot with ample parking. An excellent opportunity for investors seeking an established multi-residential property with rental income in place and strong investment potential in the Kitchener market.
Sold data
Multiplex homes in Kitchener took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 65, across 41 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 73 days.
The median sale price was $749,000.
Homes sold for about 3.6% below asking on average, so there was room to negotiate.
About 24% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 41 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$1,749,000
Multiplex67 LOUISA STREET, Kitchener

$2,390,000
Multiplex4 UNITS W/20 RMS - 327 SPRUCE STREET, Waterloo

$1,495,000
Multiplex62 MAIN ST S Street, Hagersville, Hagersville

$1,495,000
Multiplex62 MAIN ST S Street, Hagersville, Hagersville

$1,329,990
Multiplex143 ALBERT STREET W, Alliston, New Tecumseth

$1,249,000
Detached48 GAME CREEK CRESCENT, Northwest Sandalwood Parkway, Brampton

$1,299,000
Detached70 MALDIVES CRESCENT, Vales of Castlemore, Brampton

$1,479,000
Detached25 SELSDON STREET, Credit Valley, Brampton