46 COLLEGE Street, Kitchener, Ontario, N2H5A1

Property Description

$5.45m CMHC assumable debt @ 2.6% + 2nd mortgage top up options available to 85% LTV. Offered together as one opportunity: 46-56 College Street and 58 & 64 Weber Street West in downtown Kitchener. Four updated low-rise walk-ups totalling 74 residential suites in a high-demand urban core location. 46-56 College Street (46 suites) offers renovated interiors with modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats, plus 17 surface parking stalls. 58 & 64 Weber Street West (28 suites) present turnkey interiors with modern kitchens and flooring, heating via in-suite gas fireplaces/baseboards, separate hydro, and 16 surface parking stalls. Prime, walkable location steps to ION LRT, GO Transit, Victoria Park, City Hall, Grand River Hospital, Uptown Waterloo, Market Square, restaurants, and the innovation district. Strong rental demand supported by professional operations with clear rental upside as suites turn over, offering a stable cash-flowing asset with long-term growth potential. Properties are marketed and conveyed together as one transaction on separate PINs with common debt structure, presenting investors with scale, efficiency, and a strong value-add repositioning play. Detailed financials, rent rolls, P&L statements, and property information available to qualified buyers upon execution of a confidentiality agreement. (id:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 0
• Bathrooms: 0
• Living Area: 67,000 sq ft (6,224.5 m²)
• Above Grade: 67,000 sq ft (6,224.5 m²)
• Ownership: Freehold
• Parking: 33.0 spaces (Open)
• Frontage: 130 ft (39.6 m)

Costs

• Annual Taxes: $161,341.00

Listing Provided by: Real Broker Ontario Ltd.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.