Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential.
Details
X12781784
16
$2,099,000
Tenant
None
11 + 11
2-Storey
11
11
5000 + Sqft
0.371 Acres
N/A
Multiplex
Sale
Additional details
Water / Gas
RES-5
$25500
2025
PT LT 1-3 PL 649 TWP OF WATERLOO AS IN 421476 EXCEPT BASEMENT THEREIN; KITCHENER
N/A
N
0.371
Full,Finished
None
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FAQ
What is the total square footage of the X12781784 - 15 Floral Crescent, Kitchener, ON N2G 3B3?
The total square footage of this property is 5000 + SqFt.
What schools near to X12781784 - 15 Floral Crescent, Kitchener, ON N2G 3B3?