$2,099,000

Multiplex

15 Floral Crescent, Kitchener, ON

2 DAYS
11
11
0
5,000
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Listed by HomeLife Power Realty Inc

Property Highlights

Parking

16 spaces

Property Tax

$25,500/yr

Lot Size

< .50 ac

Style

2-Storey

Basement

Full, Finished

Monthly Cost

$10,988/mo

About This Home

Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential.

Monthly Cost

Monthly Mortgage$8,863
Property Tax ($25,500/yr)$2,125
Total$10,988

Price & Listing History

Schools

Location

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Listing Presented By

Iryna Tarabanovska

Iryna Tarabanovska

REALTOR®

+1 (647) 570-8221
iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage