For Sale · Multifamily

67 KINZIE AVENUE, Kitchener

67 KINZIE AVENUE, Kitchener, ON N2A2J6

Price on request

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

89%

About this property

Welcome to the upper level of 67 Kinzie Ave, a well-maintained legal duplex in Kitchener's Centreville Chicopee neighbourhood. This approximately 1,198 sq. ft. unit offers 3 bedrooms, 1.5 bathrooms, its own laundry, and a separate furnace and central air conditioning. It also has a Saperate Hydro, Water and Heating Meters. Conveniently located near Fairview Park Mall, schools, parks, transit, shopping, and Highway 8, with easy access to the 401. A comfortable place to call home with everyday amenities close by. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

50,690

Households

23,666

Median income

$64,500

Median age

40

Daytime population

54,431

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 67 KINZIE 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.