15 FLORAL CRESCENT, Kitchener, Ontario, N2G 3B3

MLS® # X12781782

Investment For Sale In Rockway, Kitchener, Ontario

$2,099,000

Details
Map
Demographics
Street View
Get Directions

15 Floral Crescent, Kitchener, ON - Outdoor

15 Floral Crescent, Kitchener, ON - Outdoor With Facade

15 Floral Crescent, Kitchener, ON - Outdoor With Exterior

15 Floral Crescent, Kitchener, ON - Indoor

15 Floral Crescent, Kitchener, ON - Indoor Photo Showing Laundry Room

15 Floral Crescent, Kitchener, ON - Indoor Photo Showing Other Room

15 Floral Crescent, Kitchener, ON - Indoor Photo Showing Kitchen

15 Floral Crescent, Kitchener, ON - Indoor Photo Showing Living Room

15 Floral Crescent, Kitchener, ON - Indoor Photo Showing Bedroom

15 Floral Crescent, Kitchener, ON - Indoor Photo Showing Bathroom

15 Floral Crescent, Kitchener, ON - Other

Virtual Tour

Advertising

15 FLORAL CRESCENT, Kitchener, Ontario, N2G 3B3

$2,099,000

Property Information:

Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential. (id:27)