Well maintained purpose built 18-unit apartment building on a 0.575 acre lot with significant opportunity to increase revenue. Unit break-down is17 Two Bed / One Bath units and 1 newly constructed (completion September 2024) One bed / One bath unit. 8 of the 18 units are newly renovated including flooring, kitchens, appliances and bathrooms leaving an opportunity for the new owner to reposition the 10 remaining units. Revenue may further be increased by the introduction of parking surcharges on turn-over. The building is located in a very attractive area in terms of investment that will appeal to Tenants with easy access to public transportation, including the Region’s Light Rail Transit (LRT) system, schools, regional shopping mall, the expressway (to 401), and a variety of grocery & drug stores, restaurants, medical and dental offices as well as other shopping opportunities. (id:4069)
Address
267 TRAYNOR Avenue
List Price
$4,195,000
Property Type
Multi-family
Area
Ontario
Sub-Area
Kitchener
Bedrooms
34
Bathrooms
18
Floor Area
17,000 Sq. Ft.
Lot Size
0.575 Sq. Ft.
Year Built
1972
MLS® Number
40697069
Listing Brokerage
RE/MAX REAL ESTATE CENTRE INC.
Basement Area
None
Postal Code
N2C1W7
Zoning
R7
Site Influences
Public Transit
