For Sale - 142-146 Fergus Avenue, Kitchener, Ontario

Est payment $16,273/mo
Views   3
Time on Jump  197 day
  • Nearly approved 88-unit rental project with potential for 118 units.
  • Versatile housing options for market, affordable, senior, or student needs.
  • Large site with ample parking and bike spaces for convenience.
  • Projected gross rent of $3.15M with a strong NOI of $2.3M.
  • Prime location close to GO transit, schools, shopping, and employment opportunities.



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
Listing IDX12145095
Address142-146 Fergus Avenue
CityKitchener, Ontario
Price$3,388,888
StyleLand
Land Size0.96
TypeVacant Land
StatusFor Sale
Subtype LandHeating / Cooling Gas Forced Air ClosedSewer Sanitary+Storm
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Listing Agency:  HOME LEADER REALTY INC.

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142-146 Fergus Avenue
Kitchener , Ontario
$3,388,888
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