115 Kraft Avenue, Kitchener, ON N2A 2J2, Kitchener, ON, N2A 2J2
MLS: X12970098 | Multiplex
$3,350,000
Property Description
Excellent opportunity for multi-family investors to acquire a 15-suite apartment building with strong value-add potential. The property includes 1 bachelor suite, 1 one-bedroom suite, and 13 predominantly two-bedroom suites, with approximately half recently renovated, appealing to a broad tenant base and supporting strong cash flow. Ideally located directly off Highway 8 and just minutes from the 401, with access from two streets and ample parking, the building offers exceptional convenience and exposure near local amenities. With rents currently below market, there is significant upside through strategic renovations and tenant turnover, making this a rare opportunity to secure a stable, income-producing asset with long-term growth potential.**INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**
Quick Facts
- Property Type: Multiplex
- Style: 2 1/2 Storey
- Bedrooms: 28 (28 above)
- Bathrooms: 15
- Parking: 18.0 spaces (Available)
Costs
- Annual Taxes: $36,526.00 (2025)
Listing Provided by: Colliers Macaulay Nicolls Inc.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: Finished
- Security: Alarm System, Security System
Exterior & Construction
- Style: 2 1/2 Storey
- Roof: Flat, Tar and Gravel
- Construction: Concrete Block
- Foundation: Brick, Concrete
- Sewer: Sewer
Lot & Land
- Pool: None
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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115 Kraft Avenue, Kitchener, ON N2A 2J2, Kitchener, ON, N2A 2J2