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Rare Investment Opportunity in Kitchener, Ontario

This income 10-plex is in a mixed residential area. Always rented to mature adults. Presently occupied by only 14 tenants.  Not building like this anymore. Sitting on about an acre of land with lush trees, bushes and landscaping. 8 two bedrooms, 1 one bedroom, 1 bachelor, Huebsch coin operated washer and dryer, 6 balconies, 3 patios, outside parking for 14 cars, parking lot and entry doors are lit all night. Access to the building is only by tenant keys. Three level, solid brick building. Cement floors and cinder blocks separate the apartments. Gas 98 gallon hot water tank. Gas hot water boiler. Gas dryer. two steel stairways with large hallways allowing for easy access. Amenities to attract tenants. Walk to The Laurentian Power Centre. Restaurants. Zehr's groceries. Rona's hardware, HomeSense, The L.C.B.O., a park and many more stores. A three minute drive to Highway 8/7, connecting to the 401 or Stratford.  Over 75 thousand dollars in upgrades have been done to the units. Having screened tenants carefully, all tenants get along well so there is a quiet and respectful harmony in the building.  First timer? Take advantage of the Waterloo Region Apartment Management Association. (W.R.A.M.A.) a landlord self help group. Please contact Jay Polkosnik at 519-729-0124 for further information.

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