15 FLORAL CRESCENT, Kitchener, Ontario, N2G3B3
MLS: X12781782 | Multi-Family
$2,099,000
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: None
- Bathrooms: None
- Living Area: 8,736 sq ft (811.6 m²)
- Attached: Yes
- Parking: 16.0 spaces
- Frontage: 162 ft (49.3 m)
Costs
- Annual Taxes: $25,500.00 (2026)
Listing Provided by: HomeLife Power Realty Inc
Board: OnePoint Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Hot water radiator heat, Baseboard heaters, Radiant heat, Natural gas
- Cooling: None
- Appliances: Washer, Water softener, Dryer
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 162 ft (49.3 m)
- Zoning: RES-5
Listing Information
Listing History
MLS listing activity for 15 FLORAL CRESCENT, Kitchener, Ontario, N2G3B3 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Neighborhood Walkability
Mortgage & Cost Calculators
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15 FLORAL CRESCENT, Kitchener, Ontario, N2G3B3