142-146 FERGUS AVENUE, Kitchener, Ontario, N2A2H2
MLS: X12145095 | Vacant Land
$3,388,888
Property Description
Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income. (id:64974)
Quick Facts
- Property Type: Vacant Land
- Bedrooms: None
- Bathrooms: None
- Living Area: 1 sq ft (0.1 m²)
- Lot Size: 0.9600 acres (0.39 ha)
- Frontage: 127 ft (38.8 m)
Costs
- Annual Taxes: $9,572.00
Listing Provided by: HOME LEADER REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Fully air conditioned
Exterior & Construction
- Water: Municipal water
Lot & Land
- Lot Size: 0.9600 acres (0.39 ha)
- Frontage: 127 ft (38.8 m)
- Zoning: R3
Listing Information
Listing History
Buy/Sell/Terminated/Expired listing history for 142-146 FERGUS AVENUE, Kitchener, Ontario, N2A2H2
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes (Within 2km)
Similar Homes
Similar Properties
No rental comparables found in this area.
Sold Comparables
Access to sold property data requires a registered and verified account with TRREB DDF integration.
Coming SoonRented Comparables
Access to rented property data requires a registered and verified account with TRREB DDF integration.
Coming Soon