About this property

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

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12145095
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	1 sq ft
Lot Size	1 sq ft
Beds / Baths	0 bed · 0 bath
City	Kitchener
Postal Code	N2A 2H2
Province	ON
Listed Date	March 3, 2026
Days on Market	157
Price per Sq Ft	$3,388,888
Brokerage	HOME LEADER REALTY INC.