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Multi-4 UnitMLS® 40870189

67 Louisa Street, Kitchener ON N2H 5L9

Downtown Kitchener/West Ward, Kitchener, N2H 5L9

$1,749,000

9Bedrooms
7Bathrooms
4,723Sq ft
5Parking
1912Year built
3Storeys
Multi-4 UnitType
0Days on market

The home

About this property

Rare opportunity to acquire an high-performing legal fourplex in the heart of Kitchener on a quiet, tree-lined street. With only one 1-bedroom unit currently available, a new owner has the flexibility to either select their own tenant or move into the unit themselves while benefiting from the income generated by the remaining suites. Located just a 2-minute walk from Google’s Kitchener hub, the property sits in a Walker’s Paradise with a Walk Score of 90+, offering immediate access to the ION LRT, GO Train, restaurants, amenities and major employers throughout Downtown Kitchener and Uptown Waterloo. The building features an excellent unit mix consisting of one 1-bedroom + den, one 2-bedroom + den and two spacious 3-bedroom units. Each unit has its own private entrance, in-suite laundry, individual heating controls and private outdoor space. Abundant on-site parking, with up to two spaces per unit, provides a significant advantage in this central location. Bright, spacious and newly renovated, the property has been well maintained and designed for minimal ongoing maintenance. Its diverse unit mix appeals to everyone from young professionals to families, providing both stable income and long-term flexibility for an investor. Currently generating an NOI of $100,000, this is a rare opportunity to secure an outperforming multi-residential asset in one of Waterloo Region’s strongest technology and employment hubs, with existing income, tenant stability and additional upside.

Specifications

Property details

Property type

Residential Income

Lot

64 x

Taxes

$7,578 (annual)

Heating

Baseboard, Natural Gas, Radiant

Cooling

None

Basement

Separate Entrance, Full, Finished

Parking

5 total

Days on market

0

What's included

Features and amenities

Interior

Separate Heating ControlsSeparate Hydro Meters

Lot

Irregular LotHospitalPlace of WorshipPublic TransitSchool Bus RouteSchoolsShopping Nearby

Appliances

Hot Water Tank OwnedDryerRefrigeratorStoveWasher

Where it sits

Location

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

Listed by David Schooley, RE/MAX Twin City Realty Inc. (the Cornerstone Association of REALTORS®).

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