Property Details
142-146 FERGUS AVENUE, Kitchener, Ontario, N2A2H2
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:2471)
HARVEY KALLES REAL ESTATE LTD. Brokerage - Toronto
- 416-452-6249
- 416-441-2888
- rick@rickohomes.com
- Property Address: 142-146 FERGUS AVENUE, Kitchener, Ontario, N2A2H2
- Property Type: Vacant Land
- Zoning Description: R3
- Lot Size: 0.96
- Acreage: 0.96 ac
- Water Type: Municipal water
- Maintenance Fee: 0.00
- Floor Space: 1 ac
- Heating Type: Natural gas, Forced air
- Cooling: Fully air conditioned
Listing Office: HOME LEADER REALTY INC.
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