Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value. (id:4069)
Address
24 CAIT Avenue
List Price
$1,349,900
Property Type
Multi-family
Area
Ontario
Sub-Area
Kitchener
Bedrooms
5
Bathrooms
6
Floor Area
3,220 Sq. Ft.
Year Built
1963
MLS® Number
40719549
Listing Brokerage
Royal LePage Wolle Realty
| ROYAL LEPAGE WOLLE REALTY
Basement Area
Full (Finished)
Postal Code
N2C1G4
Zoning
RES-5
Site Influences
Park, Place of Worship, Public Transit, Schools, Shopping
Features
Laundry- Coin operated
