245 West Beaver Creek Rd #9B
(289)317-1288
142-146 Fergus Avenue Kitchener, Ontario N2A 2H2
1 ac
Fully Air Conditioned
Forced Air
$3,690,000
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:35762)
Property Details
| MLS® Number | X12145095 |
| Property Type | Vacant Land |
| Neigbourhood | Stanley Park |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 1 Ac |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 331 Ft ,8 In |
| SizeFrontage | 127 Ft ,4 In |
| SizeIrregular | 127.4 X 331.7 Ft |
| SizeTotalText | 127.4 X 331.7 Ft |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/28305804/142-146-fergus-avenue-kitchener
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Maziar Moini
Broker of Record
Home Leader Realty Inc.
300 Richmond St West #300
Toronto, Ontario M5V 1X2
300 Richmond St West #300
Toronto, Ontario M5V 1X2
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May 13 2025 09:09:06
Toronto Real Estate Board
Home Leader Realty Inc.
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