142-146 Fergus Avenue, Kitchener, ON N2A 2H2

  • $3,388,888
  • $3,690,000
142-146 Fergus Avenue, Kitchener, ON N2A 2H2
  • X12145095
  • MLS® Number
  • Land, Commercial
  • Property Type
  • 0.96
  • Sqft
Active For Sale
142-146 Fergus Avenue, Kitchener, ON N2A 2H2
142-146 Fergus Avenue, Kitchener, ON N2A 2H2
  • $3,388,888
  • $3,690,000

Description

Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income.

Details

MLS® Number
X12145095
Property Size
0.96 Sqft
Updated on June 3, 2025 at 7:39 pm

Additional details

  • Utilities: Yes
  • Sewer: Sanitary+Storm
  • Cooling: Yes
  • County: Waterloo
  • Property Type: Commercial Sale

Address

  • Address 142-146 Fergus Avenue
  • City Kitchener
  • State/county ON
  • Zip/Postal Code N2A 2H2

Contact Information

Firas AL-Rifay
  • Firas AL-Rifay
  • +1 (647) 242-6988 WhatsApp
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Firas AL-Rifay
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