Prop. Type:
Commercial Sale
WELL ESTABLISHED 6 UNIT TOWNHOUSE PROPERTY ON BACK TO BACK UNITS. NEWER WINDOWS, UPGRADED SIDING, UPGRADED INSULATION, NEWER FENCES. ALL 6 HAVE 2 BEDROOMS, KITCHEN AND LIVING ROOM WITH FULL BASEMENTS. GAS FIRED WATER HEATER WITH HOT WATER HEATING. LONG TERM TENANTS IN A WELL MAINTAINED BUILDING. 4 PAY THEIR OWN HYDRO. SUFFICIENT PARKING AND ON A BUS ROUTE. CLOSE TO DOWNTOWN, SHOPPING, POOL, LIBRARY, EXPRESSWAY, CHURCHES AND SCHOOLS. GOOD RETURN WITH AMPLE INCOME GROWTH WHEN NEW TENANTS COME IN. New cap rate is 6.96
General Info:
Property Type:
Commercial Sale
Property SubType:
Hospitality, Building and Land
Year built:
1974
(Age: 52)
Listing General Location:
323 - Victoria Hills, 3 - Kitchener West
Bedrooms:
0
Bathrooms:
-
(Full:-/Half:-)
Lot Details:
118.3 x 127.22
Lot Depth:
127'3" 38.8 m
Lot Frontage:
118'4" 36.1 m
Kitchens:
0
County Or Parish:
Waterloo
Taxes:
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Additional Info:
Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Construction:
Aluminum Siding, Brick Veneer, Concrete, Shingle Siding
Basement:
Full
Foundation:
Poured Concrete
UFFI:
No
Number of Storeys:
2
Total Floor Area:
6,100 sq. ft. 567 m2
Electricity:
Single Phase, 200 Amp Service
Fireplace:
false
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Features Included:
Washer & Dryer In Unit 3, Stove And Fridge, Washer And Dryer In Unit 5, Stove And Fridge In Unit 6
Features Excluded:
Tenants Belongings
Interior Features:
High Speed Internet
Directions:
South of Victoria past Westmount and right onto Hazelglen Drive
Security Features:
Carbon Monoxide Detector(s)
Financial Info:
Association Fee:
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Association Fee Frequency:
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Association Fee 2:
Signup
Association Fee 2 Frequency:
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Administrative Fee:
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Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Road Access Fee:
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Insurance Expense:
$4,365.36
Expenses:
Actual
Utilities Expense:
13476.03
Net Income:
$88,103.69
Vacancy Allowance:
2000
Land Info:
Total Acres:
1391
Fencing:
Fenced
Utilities:
Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
Lot Site Features:
Highway Access, Hospital, Public Transit, Schools
Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Parking:
Asphalt
# Of Total Parking Spaces:
9.0
Parking # On Site:
9
Road Frontage Type:
Municipal Road
# Commercial Doors:
0
Residential Revenue Info:
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Total Units:
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Listing Info:
Listed Date:
Jul 08, 2025