1/16164 MORGAN AVENUE, Kitchener
164 MORGAN AVENUE, Kitchener, ON N2A3M5
$729,000 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
85%
About this property
Fantastic Opportunity To Own A Purpose Built Duplex Featuring Two Fully Self-Contained Units. The Property Includes A Spacious 3-Bedroom Unit And A Separate 2-Bedroom Unit, Each Offering Bright Open-Concept Living, Generous Principal Rooms, Upgraded Flooring, Modern Kitchens With Stainless Steel Appliances, Separately Metered With Private Ensuite Laundry And Multiple Walk-Outs To Decks/Balconies. Ample Parking Adds To The Convenience. Ideal For An Owner-Occupier Looking To Offset Carrying Costs With Rental Income, Multi-Generational Living, Or Investors Seeking A Turnkey Income Property. Conveniently Located Close To Schools, Parks, Shopping, Public Transit And Highway Access. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$21K
Annual cash flow
$-20K
Cash-on-cash
-8.98%
DSCR
0.51
Going-in cap
2.85%
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
46,420
Households
20,871
Median income
$124,000
Median age
36.9
Daytime population
41,340
5-yr growth
3.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 164 MORGAN AVENUE, Kitchener.
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.