169 Fifth Avenue, Kitchener, Ontario N2C 1P6

Listed for:
$1,749,900
10 beds
8 baths
Listed 41 days ago
Fourplex for rent: 169 Fifth Avenue, Kitchener, Ontario N2C 1P6

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About

Here is your chance to own a modern, purpose-built fourplex which was constructed only in 2024. This exceptionally built property features two 3-bedroom upper-level units and two 2-bedroom lower-level units, all offering quality finishes and enhanced soundproofing insulation with resilient channel and SonoPan for improved privacy and comfort between units. The property features upgraded kitchen cabinets, countertops and appliances, commercial-grade laminate flooring, commercial steel siding and insulated vertical siding. The rear unit benefits from a covered porch with skylight, while a drainage system around the property provides additional protection and functionality. Each unit is separately metered for utilities, making this an efficient and attractive investment. Excellent tenants are currently in place, providing stable income and peace of mind for the new owner. Residents enjoy a shared common backyard area at the rear. Located in an established family-friendly neighbourhood which is close to amenities, transit, parks, schools and highway access. This is a rare opportunity to acquire a newer, custom built fourplex offering an excellent unit mix, premium construction, upgraded soundproofing, separately metered utilities and strong existing tenancy with an approximate 5.5% cap. (id:27476)

Property Highlights

MLS® Number
40856151
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre
Parking Space Total
2

Building

Building Type
Fourplex
Storeys
2.00
Square Footage
4660 sqft
Bathrooms Total
8
Bedrooms Total
10
Amenities
Park, Schools, Shopping
Exterior Finish
Aluminum siding, Brick
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Building Heating Type
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
CITIMAX REALTY LTD.
MLS® number:
40856151
Agent:
Erin Griesbaum
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