For Lease · Multifamily

A - 293 HIGHLAND ROAD E, Kitchener

A - 293 HIGHLAND ROAD E, Kitchener, ON N2M3W6

Price on request

—

Asset Class

Multifamily

Size

—

Building class

A

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

89%

About this property

Welcome to this beautifully renovated upper-level unit in a well-maintained triplex! Offering a bright and spacious layout with 3 bedrooms, thisunit has been thoughtfully updated throughout with modern finishes and comfortable living spaces. Enjoy a fresh, move-in-ready interiorfeaturing new LVP flooring, fresh paint throughout, an updated bathroom, and a renovated kitchen complete with brand new stainless steelappliances. Large new windows provide an abundance of natural light, creating a warm and inviting atmosphere throughout the home.Conveniently located with two dedicated parking spaces and shared coin laundry on site, this unit offers the perfect combination of comfort andconvenience. Enjoy easy access to parks, trails, shopping, restaurants, transit, and a variety of nearby amenities. Perfect for families,professionals, or anyone looking for a clean, modern, and spacious place to call home. Don't miss your opportunity to lease this beautifullyupdated unit in a convenient Kitchener location! Available immediately! (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

69,012

Households

24,037

Median income

$123,500

Median age

36.5

Daytime population

77,946

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for A - 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.