$3,690,000
bed
0bath142-146 Fergus Avenue, Kitchener, ON N2A 2H2
Price Comparison
Property Description
Property type
Land
Lot size
N/A
Style
Approx. Area
N/A
About 142-146 Fergus Avenue
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.
Home Overview
Last updated
May 13
Virtual tour
None
Basement information
Building size
0.96
Status
In-Active
Property sub type
Land
Maintenance fee
$N/A
Year built
--
Additional Details
MORTGAGE INFO
ESTIMATED PAYMENT
Location
Some information about this property - Fergus Avenue
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