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$3,850,000

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

MLS® # 40691111

Property Information:

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 vacant and available for lease or for the purchasers own use. 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 building has large garage space at the back for potential value add opportunities.

Inclusions: Built-in Microwave,Microwave,Smoke Detector,Window Coverings

Building Features:

  • Floor Space: 6000 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Partial, Partially Finished
  • Construction Materials: Aluminum Siding, Brick
  • Cooling: Ductless, Energy Efficient
  • Driveway Parking: None
  • Floor Space (approx): 6000 Square Feet
  • Heating: Heat Pump
  • Interior Features: Separate Heating Controls, Separate Hydro Meters
  • Laundry Features: Common Area, Shared
  • Lot Features: Park, Public Parking, Public Transit, Shopping Nearby
  • Lot Frontage: 29.50 Feet
  • Parking Features: Attached Garage
  • Roof: Flat, Membrane
  • Security Features: Smoke Detector
  • Water Source: Municipal
  • Window Features: Window Coverings
  • Zoning: D1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 1

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 28-30 Ontario Street S, Kitchener, ON, N2G 1X2

Demographic Information of 28-30 Ontario Street S, Kitchener, ON, N2G 1X2

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$98,102.31

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.74 %

High school certificate or equivalent

26.89 %

Apprenticeship trade certificate/diploma

4.01 %

College/non-university certificate

18.27 %

University certificate (below bachelor)

2.09 %

University Degree

35.0 %

Commuter

Travel To Work

By Car

64.53 %

By Public Transit

16.07 %

By Walking

13.16 %

By Bicycle

0.99 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

89.67 %

Houses

10.33 %

Own Vs. Rent