142-146 Fergus Avenue, Kitchener MLS Number: X12145095
Kitchener, Waterloo, ON, N2A 2H2$3,388,888
Status: For Sale
- Property Type: Commercial (Land)
- Property Taxes : $9572.0 (Tax Year:2024)
- Listing Courtesy : Home Leader Realty Inc.
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$3,388,888
Status: For Sale
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X12145095 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :19 Nov, 2025 (15 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Waterloo |
|---|---|
| Postal Code | :
N2A 2H2
|
| Price | : $3,388,888 |
|---|---|
| Property Taxes | :$9572.0 |
| Tax Year | :2024 |
|---|
| Air Conditioning | :Yes |
|---|---|
| Heating | :Gas Forced Air Closed |
| Cross Street | :Weber Street East and Fergus Avenue |
03 Jun, 2025
TREB #X12145095
Price Change
$3388888.0
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