$2,200,000
For sale: Multiplex

Great Investment opportunity! This purpose built 12 unit walk-up is located close to transit, shopping, major hi-ways and features on-site surface parking for all 12 units. Units are self-contained one bedroom units- mix of renovated and non-renovated units in the building. Individually metered hydro for each unit along with gas boiler for common areas, coin operated laundry and individual lockers for each unit. Fully tenanted, this building will appeal to tenants with on-site parking, laundry and a great location for easy access to hi-ways and amenities.
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 64, across 44 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 76 days.
The median sale price was $755,000.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
Based on 44 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.
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