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142-146 FERGUS AVENUE Kitchener
  • 142-146 FERGUS AVENUE Kitchener
  • 142-146 FERGUS AVENUE Kitchener
  • 142-146 FERGUS AVENUE Kitchener
  • 142-146 FERGUS AVENUE Kitchener
  • 142-146 FERGUS AVENUE Kitchener

142-146 FERGUS AVENUE, Kitchener, Ontario

$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:23309)

  • Listing ID: X12145095
  • Property Type: Vacant Land
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Details

  • Transaction: For sale
  • Zoning Description: R3

Building

  • Cooling: Fully air conditioned
  • Fireplace Present: False
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 1 ac
  • Utility Water: Municipal water

Land

  • Size Frontage: 127 ft ,4 in
  • Size Irregular: 127.4 x 331.7 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 142-146 FERGUS AVENUE in Kitchener Ontario. It was last modified on May 13th, 2025. Contact Elma Dajdic to schedule a viewing or to discover other Kitchener real estate for sale.

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