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15 Mowat Boulevard, Kitchener, Ontario

15 Mowat Boulevard, Kitchener, Ontario

$2,170,000 - For Sale

MLS®:30649753

Rare, 20 Unit Low-Rise Apartment Building. Concrete and brick construction. Central Kitchener location – easy walk to Laurentian Hills Plaza, and big box stores at Laurentian Mall. Quick access to expressway. Building mix of 16 one bedrooms, 3 two bedrooms, 1 bachelor.

Loaded with upgrades with recent cap ex including: steel roof (2012), new boiler (2014), balcony sliding doors (2012), back flow prevention (2014), masonry brick work on patios/sidewalk (2015), two washing machines (2015), water heater (2016), new parking lot asphalt (2017), eavestroughs/fascia (2018).

Stable building with long term tenants. Building has not had a tenant turnover in over a year.

Upswing is available for patient investor by increasing rents to market on re-rental, charging for parking, utilizing attached double car garage for paid storage, submetering and through unit modernization/tenant repositioning.

Investor Work Sheet available that shows how this property can work for you!

Invest in one of Canada’s perennially best towns to invest in!

Property Details
  • Property Type:Residential
  • Lot Size:Irregular
  • Acreage:Under 0.5 Acres
  • Sewage Type:Sewer
Structure Details
  • Structure Type:12+ Units
  • Square Footage:15661
  • Heating Type:Gas, Radiant
  • Exterior Type:Aluminum Siding, Brick
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