46 COLLEGE Street, Kitchener, Ontario, N2H 5A1

MLS® # 40801495

new listing

Investment For Sale In City Commercial Core, Kitchener, Ontario

$12,995,000 QuickQuote^TM: Not Available

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View of building exterior - 46 College Street, Kitchener, ON - Outdoor With Facade

View of property - 46 College Street, Kitchener, ON - Outdoor

View of apartment building / complex - 46 College Street, Kitchener, ON - Photo Showing Other Room With Fireplace

Kitchen featuring stainless steel appliances, white cabinets, decorative backsplash, and light wood finished floors - 46 College Street, Kitchener, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen

Hallway with a textured wall and light wood-style floors - 46 College Street, Kitchener, ON - Indoor Photo Showing Other Room

Utility room featuring gas meter - 46 College Street, Kitchener, ON - Indoor Photo Showing Other Room

View of apartment building / complex - 46 College Street, Kitchener, ON - Outdoor

View of front of home featuring brick siding and a balcony - 46 College Street, Kitchener, ON - Outdoor With Facade

Snow covered rear of property featuring stairs, a deck, brick siding, and a chimney - 46 College Street, Kitchener, ON - Outdoor

View of asphalt road with curbs - 46 College Street, Kitchener, ON - Outdoor

Stairway featuring a chandelier, crown molding, and concrete floors - 46 College Street, Kitchener, ON - Indoor Photo Showing Other Room

Unfurnished bedroom with a walk in closet, dark wood finished floors, a textured ceiling, and a wood stove - 46 College Street, Kitchener, ON - Indoor Photo Showing Other Room

Unfurnished bedroom with dark wood-style flooring, a textured ceiling, a closet, and baseboard heating - 46 College Street, Kitchener, ON - Indoor Photo Showing Other Room

Kitchen featuring appliances with stainless steel finishes, white cabinets, dark wood-type flooring, light stone countertops, and backsplash - 46 College Street, Kitchener, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen

Bathroom with shower / bathtub combination and vanity - 46 College Street, Kitchener, ON - Indoor Photo Showing Bathroom

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46 COLLEGE Street, Kitchener, Ontario, N2H 5A1

$12,995,000

Property Information:

Offered together as one opportunity: 46-56 College Street and 58 & 64 Weber Street West in downtown Kitchener. Four updated low-rise walk-ups totalling 74 residential suites in a high-demand urban core location. 46-56 College Street (46 suites) offers renovated interiors with modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats, plus 17 surface parking stalls. 58 & 64 Weber Street West (28 suites) present turnkey interiors with modern kitchens and flooring, heating via in-suite gas fireplaces/baseboards, separate hydro, and 16 surface parking stalls. Prime, walkable location steps to ION LRT, GO Transit, Victoria Park, City Hall, Grand River Hospital, Uptown Waterloo, Market Square, restaurants, and the innovation district. Strong rental demand supported by professional operations with clear rental upside as suites turn over, offering a stable cash-flowing asset with long-term growth potential. Properties are marketed and conveyed together as one transaction on separate PINs with common debt structure, presenting investors with scale, efficiency, and a strong value-add repositioning play. Detailed financials, rent rolls, P&L statements, and property information available to qualified buyers upon execution of a confidentiality agreement. (id:27)