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28-30 Ontario Street S Kitchener, Ontario N2G 1X2

6000 sqft
Ductless Heat Pump

$4,000,000

An exceptional opportunity to purchase a recently renovated building - the Condor Suites - in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently leased to a successful restaurant - the Grand Trunk Saloon. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom - including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities. (id:40508)

Property Details

MLS® Number 40573952
Property Type Multi-family
Amenities Near By Park, Public Transit, Shopping
Parking Space Total 1

Building

Appliances Microwave, Microwave Built-in, Window Coverings
Basement Development Partially Finished
Basement Type Partial (partially Finished)
Cooling Type Ductless
Exterior Finish Aluminum Siding, Brick
Foundation Type Block
Heating Type Heat Pump
Stories Total 3
Size Interior 6000 Sqft
Utility Water Municipal Water

Parking

Attached Garage
None

Land

Acreage No
Land Amenities Park, Public Transit, Shopping
Sewer Municipal Sewage System
Size Frontage 30 Ft
Size Total Text Under 1/2 Acre
Zoning Description 29.5

https://www.realtor.ca/real-estate/26769507/28-30-ontario-street-s-kitchener

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Nina Deeb