For Lease · Multifamily

C - 293 HIGHLAND ROAD E, Kitchener

C - 293 HIGHLAND ROAD E, Kitchener, ON N2M3W6

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

85%

About this property

Welcome to this beautifully renovated lower-level unit in a well-maintained triplex! Offering 2 spacious bedrooms and a bright, functional layout,this move-in-ready home combines modern finishes with everyday convenience. Step inside to discover new luxury vinyl plank flooring, freshpaint throughout, an updated bathroom, and a stylish renovated kitchen featuring brand new stainless steel appliances. Unlike many lower-levelunits, this home boasts large, fully above-grade windows that fill the space with an abundance of natural light, creating a bright and welcomingatmosphere throughout. This unit also includes two dedicated parking spaces and access to convenient shared coin laundry. Heat and Waterincluded, just pay Hydro! Ideally situated close to parks, trails, shopping, restaurants, public transit, and other everyday amenities, you'll enjoyeasy access to everything the city has to offer. Perfect for professionals, couples, small families, or downsizers, this beautifully updated homeoffers the ideal combination of comfort, style, and convenience. Don't miss your opportunity to lease this exceptional lower-level unit in afantastic Kitchener location! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

45,164

Households

16,479

Median income

$87,500

Median age

43.8

Daytime population

40,965

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for C - 293 HIGHLAND ROAD E, 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.