For sale

Free account required

Unlock the full potential of your property search with a free account! Here's what you'll gain immediate access to:

  • Exclusive Access to Every Listing
  • Personalized Search Experience
  • Favorite Properties at Your Fingertips
  • Stay Ahead with Email Alerts
Create a free Account
Property at 142-146 FERGUS AVENUE image 1
Property at 142-146 FERGUS AVENUE image 2
Property at 142-146 FERGUS AVENUE image 3
Property at 142-146 FERGUS AVENUE image 4
Property at 142-146 FERGUS AVENUE image 5
10

$3,388,888

142-146 FERGUS AVENUE
Kitchener, Ontario, Ontario, N2A2H2

MLS® Number: X12145095
Listed 77 days ago

Property 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.

Building information

Type

*****

Cooling Type

*****

Heating Fuel

*****

Heating Type

*****

Size Interior

*****

Utility Water

*****

Land information

Size Depth

*****

Size Frontage

*****

Size Irregular

*****

Size Total

*****

Courtesy of HOME LEADER REALTY INC.

Book a Showing for this property

ASAP
Thu

21

Aug
Fri

22

Aug
Sat

23

Aug
Sun

24

Aug
Mon

25

Aug
Tue

26

Aug
Wed

27

Aug
Thu

28

Aug
Fri

29

Aug
Sat

30

Aug
Sun

31

Aug
Mon

1

Sep
Tue

2

Sep
Wed

3

Sep
Thu

4

Sep
Fri

5

Sep

Similar properties

House 912 FALL HARVEST Court, Kitchener, Ontario
#MLS: 40728777

912 FALL HARVEST Court, Kitchener, Ontario

Beds: 5, Baths: 6

$2,984,900

House 44 PIONEER RIDGE Drive, Kitchener, Ontario
#MLS: 40732356

44 PIONEER RIDGE Drive, Kitchener, Ontario

Beds: 4, Baths: 3

$3,398,000

House 44 PIONEER RIDGE DRIVE, Kitchener, Ontario
#MLS: X12163761

44 PIONEER RIDGE DRIVE, Kitchener, Ontario

Beds: 4, Baths: 3

$3,398,000

House 47 PIONEER RIDGE Drive, Kitchener, Ontario
#MLS: 40744537

47 PIONEER RIDGE Drive, Kitchener, Ontario

Beds: 5, Baths: 5

$2,999,000

House 253 RIVER BIRCH Street, Kitchener, Ontario
#MLS: 40745128

253 RIVER BIRCH Street, Kitchener, Ontario

Beds: 4, Baths: 5

$3,299,900

House 21 BALFOUR CRESCENT, Kitchener, Ontario
#MLS: X12334206

21 BALFOUR CRESCENT, Kitchener, Ontario

Beds: N/A, Baths: N/A

$3,495,000

House 141 KIPLING AVENUE, Kitchener, Ontario
#MLS: X12334225

141 KIPLING AVENUE, Kitchener, Ontario

Beds: N/A, Baths: N/A

$3,275,000

House 44 WEBER STREET W, Kitchener, Ontario
#MLS: X12334328

44 WEBER STREET W, Kitchener, Ontario

Beds: N/A, Baths: N/A

$3,100,000

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.