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Multi-4 UnitMLS® 40856151

169 Fifth Avenue, Kitchener ON N2C 1P6

Fairview/Kingsdale, Kitchener, N2C 1P6

$1,749,900

10Bedrooms
8Bathrooms
3,060Sq ft
2Parking
2Storeys
Multi-4 UnitType
2Days on market

The home

About this property

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.

Specifications

Property details

Property type

Residential Income

Lot

33 x 190 ft

Taxes

$10,166 (annual)

Heating

Natural Gas

Cooling

Central Air

Basement

Full, Finished

Parking

2 total

Days on market

2

What's included

Features and amenities

Interior

Separate Hydro Meters

Lot

Highway AccessParkSchoolsShopping Nearby

Appliances

Hot Water Tank OwnedDishwasherDryerRefrigeratorStoveWasher

Where it sits

Location

Pin placed at the coordinates supplied by the MLS® System.

Listed by Erin Griesbaum, CITIMAX REALTY LTD. (the Cornerstone Association of REALTORS®).

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Presented by Rebecca Dorey, Sales Representative, RE/MAX Solid Gold Realty (II) Ltd., Brokerage. Each office independently owned and operated.