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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
8736 sq. ft. Square Feet
Total Area:
8,736 sq. ft.812 m2
Lot Depth:
113'2"34.5 m
Lot Frontage:
161'8"49.3 m
Water supply:
Municipal
Zoning:
RES-5
Heating type:
Radiant
Garage:
Outside/Surface
Parking Spaces:
16
HST Applicable To Sale Price:
Included In
Assessment:
$1,020,000
Assessment Year:
2026
Type Taxes:
Annual
Taxes:
$25,500 /
2025
Assessment:
$1,020,000.00 /
2026
Waterloo
Kitchener
Major Highway, Public Transit
1 Coin Operated Washer, 1 Coin Operated Dryer, 11 Stoves, 11 Fridges, 1 Water Softener, 1 Hotwater Tank
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