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Home ON Kitchener - Cambridge - Waterloo Kitchener City Commercial Core
28-30 ONTARIO Street S
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28-30 ONTARIO Street S $3,850,000
$3,850,000
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28-30 ONTARIO Street S
Kitchener, Ontario N2G1X2

MLS® Number: 40663085
0
Bathrooms
6000
Square Feet

Listing Description

An exceptional opportunity to purchase a recently renovated building - the Condor Suites - in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently vacant and available for lease or for the purchasers own use. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom - including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities. (68208805)

Location Description

Ontario St S between King St W and Charles St W.

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
6000 sqft
Subdivision Name
313 - Downtown Kitchener/W. Ward
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$17,430.06
Parking Type
Attached Garage, None
Time on REALTOR.ca
38 days

Building

Bathrooms
Total
0
Interior Features
Appliances Included
Microwave, Microwave Built-in, Window Coverings
Basement Type
Partial (Partially finished)
Building Features
Foundation Type
Block
Total Units
10
Heating & Cooling
Cooling
Ductless
Heating Type
Heat Pump
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding, Brick
Neighbourhood Features
Amenities Nearby
Park, Public Transit, Shopping
Parking
Parking Type
Attached Garage, None
Total Parking Spaces
1

Measurements

Square Footage
6000 sqft
Above Grade Finished
6000 sqft
Source: Other

Land

Lot Features
Frontage
30 ft
Other Property Information
Zoning Description
29.5
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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