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46 College ST Kitchener, ON N2H 5A1
76,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 76,000 sqft
Price per Sqft $177
MLS Listing ID X12432929
Annual Tax Amount $102,504
Tax Year 2024
Property Sub-Type Investment
Property Description
Offered together as one opportunity: 46-56 College Street and 58 & 64 Weber Street West in downtown Kitchener. Four updated low-rise walk-ups totalling 74 residential suites in a high-demand urban core location. 46-56 College Street (46 suites) offers renovated interiors with modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats, plus 17 surface parking stalls. 58 & 64 Weber Street West (28 suites) present turnkey interiors with modern kitchens and flooring, heating via in-suite gas fireplaces/baseboards, separate hydro, and 16 surface parking stalls. Prime, walkable location steps to ION LRT, GO Transit, Victoria Park, City Hall, Grand River Hospital, Uptown Waterloo, Market Square, restaurants, and the innovation district. Strong rental demand supported by professional operations with clear rental upside as suites turn over, offering a stable cash-flowing asset with long-term growth potential. Properties are marketed and conveyed together as one transaction on separate PINs with common debt structure, presenting investors with scale, efficiency, and a strong value-add repositioning play. Detailed financials, rent rolls, P&L statements, and property information available to qualified buyers upon execution of a confidentiality agreement.
Location
Province ON
County Waterloo
Area Waterloo
Zoning C5
Interior
Cooling No
Inclusions Hot water tank (owned). All existing fridges, stoves, light fixtures, and window coverings in units; laundry equipment; any fixtures not owned by tenants.
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Lot
Lited by REAL BROKER ONTARIO LTD.
