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46 College Street Kitchener, Ontario N2H 5A1

67000 sqft
None Baseboard Heaters

$12,995,000

Offered together as one opportunity: 46-56 College Street and 58 & 64 Weber Street West in downtown Kitchener. Four updated low-rise walk-ups totalling 74 residential suites in a high-demand urban core location. 46-56 College Street (46 suites) offers renovated interiors with modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats, plus 17 surface parking stalls. 58 & 64 Weber Street West (28 suites) present turnkey interiors with modern kitchens and flooring, heating via in-suite gas fireplaces/baseboards, separate hydro, and 16 surface parking stalls. Prime, walkable location steps to ION LRT, GO Transit, Victoria Park, City Hall, Grand River Hospital, Uptown Waterloo, Market Square, restaurants, and the innovation district. Strong rental demand supported by professional operations with clear rental upside as suites turn over, offering a stable cash-flowing asset with long-term growth potential. Properties are marketed and conveyed together as one transaction on separate PINs with common debt structure, presenting investors with scale, efficiency, and a strong value-add repositioning play. Detailed financials, rent rolls, P&L statements, and property information available to qualified buyers upon execution of a confidentiality agreement. (id:42029)

Property Details

MLS® Number 40801495
Property Type Multi-family
AmenitiesNearBy Hospital, Public Transit, Schools, Shopping
CommunityFeatures High Traffic Area
Features Laundry- Coin Operated
ParkingSpaceTotal 33

Building

Appliances Water Softener, Water Purifier
BasementDevelopment Partially Finished
BasementType Full (partially Finished)
CoolingType None
ExteriorFinish Brick
HeatingFuel Natural Gas
HeatingType Baseboard Heaters
StoriesTotal 3
SizeInterior 67000 Sqft
UtilityWater Municipal Water

Parking

Open

Land

Acreage No
LandAmenities Hospital, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeFrontage 130 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription C5

https://www.realtor.ca/real-estate/29307213/46-college-street-kitchener

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Ilan Friedner
Salesperson


Real Broker Ontario Ltd.
130 King St. W. Suite 1900d
Toronto, Ontario M5X 1E3

Jeff Margolis
Salesperson


Real Broker Ontario Ltd.
130 King St. W. Suite 1900d
Toronto, Ontario M5X 1E3

Elton Ilir Demirxhiu
Salesperson


Real Broker Ontario Ltd.
130 King St. W. Suite 1900d
Toronto, Ontario M5X 1E3

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