67 Louisa Street,Kitchener, ON N2H 5L9
Kitchener, ON N2H 5L9
Description
Rare opportunity to acquire an high-performing legal fourplex in the heart of Kitchener on a quiet, tree-lined street. With only one 1-bedroomunit currently available, a new owner has the flexibility to either select their own tenant or move into the unit themselves while benefiting fromthe income generated by the remaining suites. Located just a 2-minute walk from Google's Kitchener hub, the property sits in a Walker'sParadise with a Walk Score of 90+, offering immediate access to the ION LRT, GO Train, restaurants, amenities and major employers throughoutDowntown Kitchener and Uptown Waterloo. The building features an excellent unit mix consisting of one 1-bedroom + den, one 2-bedroom +den and two spacious 3-bedroom units. Each unit has its own private entrance, in-suite laundry, individual heating controls and private outdoorspace. Abundant on-site parking, with up to two spaces per unit, provides a significant advantage in this central location. Bright, spacious andnewly renovated, the property has been well maintained and designed for minimal ongoing maintenance. Its diverse unit mix appeals toeveryone from young professionals to families, providing both stable income and long-term flexibility for an investor. Currently generating an NOIof $100,000, this is a rare opportunity to secure an outperforming multi-residential asset in one of Waterloo Region's strongest technology andemployment hubs, with existing income, tenant stability and additional upside.
Details
| MLS # | 40870189 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 26 |
| Listing Provided By | RE/MAX Twin City Realty Inc. | David Schooley |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 4,723 |
| Basement | Y |
| Story(s) | 3 |
| Units | 4 |
| Zoning | R2B |
| Acreage | 0.15 |
Interior
| Appliances | Hot Water Tank Owned, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Separate Heating Controls, Separate Hydro Meters |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Baseboard, Natural Gas, Radiant |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
Exterior
| Lot Features | Irregular Lot, Hospital, Place of Worship, Public Transit, School Bus Route, Schools, Shopping Nearby |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Foundation Details | Poured Concrete |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 7578 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Postal Code | N2H 5L9 |
| Area | 3 Kitchener West |
| Subarea | 313 Downtown Kitchener | West Ward |
| Community Name | 313 Downtown Kitchener/West Ward |
| Listing VS Median (in 313 Downtown Kitchener/West Ward) | |
Price: $1,749,000 low | high Med: $1,950 sqft: 4,723 low | high Med: 585 $ / sqft: $370 low | high Med: $3 On site: 26 low | high Med: 12 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Postal Code | N2H 5L9 |
| Area | 3 Kitchener West |
| Subarea | 313 Downtown Kitchener | West Ward |
| Community Name | 313 Downtown Kitchener/West Ward |
| Listing VS Median (in 313 Downtown Kitchener/West Ward) | |
Price: $1,749,000 low | high Med: $1,950 sqft: 4,723 low | high Med: 585 $ / sqft: $370 low | high Med: $3 On site: 26 low | high Med: 12 | |