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17-23 Louisa Street 2 Multifamily Properties Offered at $3,032,961 in Kitchener, ON
Investment Highlights
- Hot water tanks (owned), coin-operated laundry equipment, existing appliances in all units, all existing light fixtures.
Executive Summary
Well-maintained 22-unit apartment property in Uptown Waterloos desirable North Ward, consisting of two neighbouring buildings on separate lots being sold together. The suite mix includes 3 bachelor units and 19 one-bedroom units, offering excellent rental appeal for singles and couples. Both buildings are professionally managed and benefit from steady tenant demand in this central, walkable location near transit, shopping, dining, and amenities. With current rents below market, there is significant upside potential through turnover and strategic renovations. A rare opportunity to acquire a stable, income-producing asset with long-term value growth in one of Waterloo Regions most sought-after neighbourhoods.
Property Facts
| Price | $3,032,961 USD | Number of Properties | 2 |
| Price / SF | $166.79 USD / SF | Individually For Sale | 0 |
| Cap Rate | 5.35% | Total Building Size | 18,184 SF |
| Sale Type | Investment | Total Land Area | 0.30 AC |
| Status | Active |
| Price | $3,032,961 USD |
| Price / SF | $166.79 USD / SF |
| Cap Rate | 5.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,184 SF |
| Total Land Area | 0.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 23 Louisa St, Kitchener, ON N2H 5L7 | Multifamily | 9,963 SF | 1924 | - |
|
Louisa Street Apartments I
17 Louisa St, Kitchener, ON N2H 5L7 |
Multifamily | 8,221 SF | 1924 | - |
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17-23 Louisa Street
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