For Sale · Multifamily

240 WILSON Avenue, Kitchener

240 WILSON Avenue, Kitchener, ON N2C1H3

$924,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

88%

Year Built

1960

About this property

Attention investors and turn-key landlords! Prime Investment Opportunity in High-Demand Kitchener Location! 240 Wilson Avenue presents a turnkey 4-unit residential building in a central Kitchener neighborhood. Well-maintained legal multi-residential fourplex offering strong income potential, excellent unit mix, and minimal vacancy risk in a highly accessible Kitchener neighborhood. Versatile Unit Breakdown: Consists of four spacious, functional units — 2 x 2-Bedroom units (one unit currently vacant getting fresh coat of paint), 1 x 1-Bedroom unit (tenant occupied) , and 1 x Bachelor unit (tenant occupied). Ideal for attracting long-term, high-quality tenants. Ample Parking: Generous paved surface lot featuring 5 dedicated off-street parking spots — a major draw and value-add for local renters. Nestled in an established area with immediate access to public transit, major highways (Conestoga Parkway / Highway 8), shopping at Fairview Park Mall, schools, place of worship , local parks., restaurants and entertainment are just a short walk from your front door. Separate utility metering options and consistent maintenance history make this property an exceptional add to any real estate portfolio. Whether you're looking to buy-and-hold, optimize current rents to market rates, or house-hack by occupying one unit while collecting cash flow from the rest, 240 Wilson Ave offers endless possibilities. Don't miss out on this turnkey addition to your portfolio—book your private showing today! (id:66811)

Financial sandbox

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Estimate
Purchase price$925K
Down payment30% · $277K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$30K

Annual cash flow

$-21K

Cash-on-cash

-7.54%

DSCR

0.59

Going-in cap

3.28%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

109,566

Households

40,108

Median income

$122,000

Median age

36.5

Daytime population

158,322

5-yr growth

3.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 240 WILSON Avenue, Kitchener.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.