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142-146 Fergus Avenue, Kitchener, ON N2A2H2
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$3,388,888
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Home Details for 142-146 Fergus Avenue
Price
$3,388,888
Type
Lots/Land
Lot Size
0.96
Listing #
X12145095
On exitrealty.com
211 days
Property Description
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:31684)
- Heating Information
- Forced Air
- Natural Gas
Listing Courtesy: HOME LEADER REALTY INC.
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$3,388,888
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EXIT INTEGRITY REALTY, BROKERAGE
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