March 25, 2024
- 10 min read
15 Floral Crescent Kitchener, Ontario N2G 3B3
$2,099,000
8,736 ft2
None
Radiant Heat, Hot Water Radiator Heat, Baseboard Heaters
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. (id:36109)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12781782 |
| Property Type | Multi-family |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 16 |
Building
| Age | 51 To 99 Years |
| Appliances | Dryer, Washer, Water Softener |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat, Hot Water Radiator Heat, Baseboard Heaters |
| Size Exterior | 8736 Sqft |
| Size Interior | 8,736 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 113 Ft ,2 In |
| Size Frontage | 161 Ft ,7 In |
| Size Irregular | Bldg=161.66 X 113.19 Ft |
| Size Total Text | Bldg=161.66 X 113.19 Ft |
| Zoning Description | Res-5 |
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15 Floral Crescent
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Homelife Power Realty Inc
February 12 2026 04:18:34
