1 of 5 - 142-146 Fergus Avenue, Kitchener, Ontario
2 of 5 - 142-146 Fergus Avenue, Kitchener, Ontario
3 of 5 - 142-146 Fergus Avenue, Kitchener, Ontario
4 of 5 - 142-146 Fergus Avenue, Kitchener, Ontario
5 of 5 - 142-146 Fergus Avenue, Kitchener, Ontario
View Gallery Arrow right

142-146 Fergus Avenue, Kitchener, Ontario

$3,388,888

Previous Next

1

Square foot

0.96

Acres

About 142-146 Fergus Avenue

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. (id:6289)

Features of 142-146 Fergus Avenue

Listing # X12145095
Price $3,388,888
Bathrooms 0.00
Square Footage 1
Acres 0.96
Type Vacant Land

Community Information

Address 142-146 Fergus Avenue
City Kitchener
Province Ontario
Postal Code N2A2H2

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Cooling Fully air conditioned
Fireplace No
Has Basement No

Listing Details

OfficeHOME LEADER REALTY INC.

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?