$3,388,888

142-146 Fergus Avenue, Kitchener, Ontario

1

Square foot

0.96

Acres

X12145095

MLS® Number

158

Days on Website

$301,112

Price Change

For Sale

Listing Type

$3,388,888 | Kitchener for Sale at 142-146 Fergus Avenue Kitchener

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:6289)

Financial and Mortgage

List Price $3,388,888
Previous Price $3,690,000
Price Reduction $301,112
Monthly Payment $14,131/month
Get Prequalified
Days on Website 158
Price per square foot $3,388,888

142-146 Fergus Avenue Details

Show Less

Construction and Lot

Square Footage 1
Bathrooms 0.00
Has Basement No
Cooling Fully air conditioned
Heating Natural gas Forced air

Exterior of 142-146 Fergus Avenue

Type Vacant Land

Interior

Fireplace No

Measurements

Square Footage 1

Information

About in Kitchener

Address 142-146 Fergus Avenue
City Kitchener
Province Ontario
Postal Code N2A2H2
Office/Brokerage HOME LEADER REALTY INC.

Map, Demographics, Characteristics

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