36 TALBOT Street, Kitchener

General Info
Exterior Features
Interior Features
Room Dimensions

General Info

Listing ID

40616077

Transaction Type

For sale

Price

$7,500,000.00

Property Type

Multi-family

Ownership Type

Freehold

Amenities Near By

Park, Playground, Public Transit, Schools, Shopping


Public Remarks

Welcome to a rare purpose-built 36 unit investment opportunity in the heart of Kitchener-Waterloo! This purpose-built, 3-storey, 36-unit building situated on 0.8 acres offers a mix of amenities, excellent location, and potential for significant rental income growth. This solid-built property features 24 one-bed units, 10 two-bed units, and 2 bachelor units, all designed with tenant comfort and convenience in mind. Each above-ground unit boasts a private balcony. The building's infrastructure is rock-solid, with recent updates to all windows and balcony sliders ensuring energy efficiency and aesthetic appeal. The roof, with durable rubber membrane since 2010, provides reliable protection and longevity. Parking is never a concern with 33 open parking spots and 11 garage bays, a rare find in this prime location. The building's secured entry and elevator access add to the safety and convenience for all residents. This opportunity not only offers a stable income with several long-term tenants but also holds immense potential for increased rent as tenants transition. Living in Cherry Hill means being at the heart of it all. Just a short stroll to Highland Road, you'll find a variety of grocery stores, restaurants, and other services that cater to daily needs. Nature enthusiasts will enjoy the proximity to the Filzinger Natural Area, an 8-minute walk that leads to the renowned Victoria Park, offering picturesque pathways and green spaces. Downtown Kitchener, just beyond, is home to the KW tech hub, restaurants/retail options, Kitchener City Hall, train station, and the LRT. Commuters will benefit from the close proximity to the Conestoga Expressway, ensuring efficient travel to Waterloo, Cambridge, and the 401.Families will appreciate the nearby schools/community facilities, making this an ideal location for tenants of all ages. Seize this unique opportunity to expand your real estate portfolio with a prime asset. (id:20209)

Exterior Features

Exterior Finish

Brick Veneer

Total Stories

3

Property Frontage

120 ft

Property Depth

270 ft

Acreage

0.8 ac|1/2 - 1.99 acres

Water Utility

Municipal water

Sewer

Municipal sewage system

Interior Features

Bedrooms

46

Bathrooms

36

Basement Development

Finished

Heating Type

Radiant heat

Heating Fuel

Natural gas

Room Dimensions

This property does not have additional details in this area.

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