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    For Sale - 15 Floral Crescent, Kitchener, Ontario

    Est payment $10,079/mo
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    Time on Jump  49 day

    AI Summary *

    • Turnkey multi-residential investment in a high-demand rental market.
    • Well-maintained brick building with 11 spacious one-bedroom units.
    • Recent major capital improvements minimize near-term maintenance risks.
    • Generous lot with on-site parking spaces and operational efficiency.
    • Located in a mature neighborhood close to amenities and transit.




    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.
    Listing IDX12781784
    Address15 Floral Crescent
    CityKitchener, Ontario
    Price$2,099,000
    Bed / Bath11 / 11 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    Land Size0.371
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Separate Heating Controls, Separate Hydro Meter, Water SoftenerAmenities Golf, Other, Public Transit, SchoolOwnership FreeholdWaterfront NoneBasement Full, FinishedFoundation Concrete, Poured ConcreteHeating / Cooling WaterHeating Fuel GasSewer Sewer

    Parking 16.00
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    Listing Agency:  HomeLife Power Realty Inc

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    15 Floral Crescent
    Kitchener , Ontario
    11 11 $2,099,000
    Get more info