142-146 Fergus Avenue Kitchener, Ontario N2A 2H2
$3,690,000
Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income. (id:41954)
Property Details
| MLS® Number | X12145095 |
| Property Type | Vacant Land |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1 Ac |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 331 Ft ,8 In |
| Size Frontage | 127 Ft ,4 In |
| Size Irregular | 127.4 X 331.7 Ft |
| Size Total Text | 127.4 X 331.7 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/28305804/142-146-fergus-avenue-kitchener
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 13 2025 09:09:06
Toronto Real Estate Board
Home Leader Realty Inc.