$3,275,000
$3,275,000
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141 Kipling AVE Kitchener, ON N2C 2B8
Key Details
Sold Price $3,275,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X12334225
Sold Date 12/23/25
Annual Tax Amount $34,536
Tax Year 2024
Property Sub-Type Investment
Property Description
Rockway low-rise with stable in-place income and clear mark-to-market upside. 16 suites (102BR, 51BR, 13BR) in a 1980 walk-up, separately metered hydro, gas-furnace common systems, and roof replaced Oct 2023. Several suites have been updated with modern finishes; others remain in clean, rent-ready conditionideal for an investor to capture organic rent growth on turnover without a heavy CapEx program. On-site laundry (2), 16 storage lockers, and 17 surface parking stalls. Family-friendly pocket near parks, schools, Fairway shopping, and transit including Courtland buses & Block Line LRT. R-6 zoning. Strong tenant appeal today with additional upside through suite refreshes as leases roll.
Location
Province ON
County Waterloo
Area Waterloo
Zoning R2
Interior
Cooling No
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Lot
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