




1/6162 SIXTH AVENUE, Kitchener, ON N2C1R3
$1.9M total
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Asset Class
Specialty
Size
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Building class
C
Zoning
US — Urban Services
$ / SF
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Occupancy
89%
Lot Size
0.499 ac
Beautiful Freestanding Church Property Exceptional opportunity to own a beautiful freestanding church property featuring INS-1 zoning. This well-maintained property offers a welcoming worship space with a beautiful interior, thoughtfully designed to accommodate religious services, community gatherings and various institutional activities. The building features a spacious main sanctuary, a dedicated pastor's office/room, and separate media rooms. The basement offers a full kitchen, separate men's and women's washrooms, and additional space for gatherings and community functions. A utility/storage room located at the rear of the church provides convenient additional storage. The property also offers ample on-site parking with clearly marked parking spaces, providing convenience for congregation members and visitors.The SQFt is estimated . A wonderful opportunity for a church congregation or eligible institutional organization looking for a freestanding property with functional amenities, beautiful interior finishes and institutional zoning. (id:66811)
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Monthly debt service
$9K
Projected NOI
$109K
Annual cash flow
$3K
Cash-on-cash
0.59%
DSCR
1.03
Going-in cap
5.72%
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.
Trade area within 3 miles of the property.
Population
79,401
Households
36,800
Median income
$95,000
Median age
33.2
Daytime population
87,971
5-yr growth
4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 162 SIXTH 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.