ON > Kitchener
Kitchener, ON N2A2H2,142-146 FERGUS AVENUE
Kitchener, ON N2A2H2,142-146 FERGUS AVENUE
Kitchener, ON N2A2H2,142-146 FERGUS AVENUE
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$3,388,888
Est. payment /mo
1 SqFt
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $3,388,888

MLS® Listing ID X12145095

Lot Size 0.960 Acres

Acres 0.96

Source Toronto Regional Real Estate Board

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Private Pool No

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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