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15 Floral Cres 11 Unit Apartment Building $1,528,791 USD ($138,981 USD/Unit) 4.70% Cap Rate Kitchener, ON N2G 3B3
Investment Highlights
- Stick Construction
- Spacious Units
- Separately Metered Hydro
- 16 Parking Spaces
Executive Summary
Rare Opportunity! Well maintained Stick Construction Solid Brick Building. Family owned for 18 yrs. Pride of ownership is very apparent; new Weill McLain boilers in 2010, all windows replaced between 2010-2015, new roof in 2018, new water softener system in 2021 and new asphalt parking/driveway. Separately Metered Hydro, Spacious Units and 16 Parking Spaces.
Property Facts
| Price | $1,528,791 USD | Building Class | C |
| Price Per Unit | $138,981 USD | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 8,736 SF |
| Cap Rate | 4.70% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RES-5 - Residential apartments | ||
| Price | $1,528,791 USD |
| Price Per Unit | $138,981 USD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 8,736 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | RES-5 - Residential apartments |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Trash Pickup - Curbside
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
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15 Floral Cres
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