24 Cait Avenue Kitchener, Ontario N2C 1G4
$1,200,000
Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4.4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value. (id:63008)
Property Details
| MLS® Number | 40719549 |
| Property Type | Multi-family |
| AmenitiesNearBy | Park, Place Of Worship, Public Transit, Schools, Shopping |
| CommunityFeatures | High Traffic Area, School Bus |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 8 |
Building
| BathroomTotal | 6 |
| BedroomsTotal | 5 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1963 |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters, Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 3220 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 132 Ft |
| SizeFrontage | 76 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Res-5 |
https://www.realtor.ca/real-estate/28271560/24-cait-avenue-kitchener
Flav Onsen
Salesperson
71 Weber Street E., Unit B
Kitchener, Ontario N2H 1C6
Radu Nicolici
Salesperson
71 Weber Street E.
Kitchener, Ontario N2H 1C6
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October 26 2025 04:03:24
REALTORS® Association of Hamilton-Burlington
Royal LePage Wolle Realty