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142 Fergus Av - Prime Investment Opportunity in Kitchener 0.96 Acres of Commercial Land Offered at $2,427,709 USD in Kitchener, ON N2A 2H2
INVESTMENT HIGHLIGHTS
- Nearly Approved 88-Unit Development (Potential for 118 Units)
- Outstanding Cash Flow Potential – Netting ~$2.2M based on sponsor-rented CMHC proforma
- CMHC MLI Select Eligibility – Unlock long-term amortization and favorable financing
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $2,427,709 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.96 AC |
| Property Type | Land | ||
| Zoning | R3 - residential | ||
| Price | $2,427,709 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.96 AC |
| Zoning | R3 - residential |
1 LOT AVAILABLE
Lot
| Price | $2,427,709 USD | Lot Size | 0.96 AC |
| Price Per AC | $2,528,863.81 USD |
| Price | $2,427,709 USD |
| Price Per AC | $2,528,863.81 USD |
| Lot Size | 0.96 AC |
Introducing a rare investment opportunity in the thriving city of Kitchener — a municipally serviced, nearly shovel-ready purpose-built rental site with enormous potential.
DESCRIPTION
Nearly Approved 88-Unit Development (Potential for 118 Units) CMHC MLI Select Eligibility – Unlock long-term amortization and favorable financing Projected $45M Build – Significant future upside with strong market fundamentals Outstanding Cash Flow Potential – Netting ~$2.2M based on sponsor-rented CMHC proforma Pro Forma NOI: $2.3M | Cap Rate: 7% Stabilized As-Is Appraised at $6.8M (July 2024) Existing GFA: 72,616 SF | Parking: 89 stalls (28 bike spaces) Located just minutes from GO transit, schools, major retail, and employment hubs, this site offers unmatched convenience and long-term value. Ideal for institutions, REITs, or JV partners seeking long-term stabilized returns in one of Ontario’s fastest-growing urban markets. Full due diligence available upon request. Contact Maziar Moini, Broker of Record – 647-370-7654
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142 Fergus Av - Prime Investment Opportunity in Kitchener
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