15 FLORAL Crescent, Kitchener, Ontario, N2G3B3

Property Description

Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010–2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway—minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential. (id:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 11
• Bathrooms: 11
• Living Area: 8,736 sq ft (811.6 m²)
• Above Grade: 5,824 sq ft (541.1 m²)
• Below Grade: 2,912 sq ft (270.5 m²)
• Year Built: 1955
• Ownership: Freehold
• Parking: 16 spaces (Open)
• Lot Size: 0.3710 acres (0.15 ha)
• Frontage: 162 ft (49.4 m)

Costs

• Annual Taxes: $25,500.00

Listing Provided by: HomeLife Power Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.