267 TRAYNOR Avenue, Kitchener, Ontario
$2,999,000 - For Sale
This is a purpose built 17 plex apartment complex. This multi-residential property offers 17 x 2 bedroom apartments. Each unit offers a walk out to a private patio or balcony. The property offers 22 parkings spots, 1 per unit with additional visitors parking on site.
The complex is always fully rented and has many long term tenants due to the desirable location. There are never any issues with renting out the apartment given its proximity to literally EVERYTHING. 267 Traynor is located near Fairview Mall which is undergoing major redevelopment, is steps away from the ION transit hub, and is near highway 7/8 with easy access to the 401.
The building has been meticulously maintained by the landlord directly and offers a cap rate slightly under 5%.
There is newer vinyl laminate-like flooring in the entrances and laundry room. In the laundry room there are 2 owned, coin operated washers and dryers. In addition to the main floor laundry room, the common area offers a bike storage room, and each unit receives a private locker. There is no rented equipment here. The water softener and hot water heater are all owned. One of the many great features this building has to offer is that it is solid construction, and all units are above grade. In addition, the building is secured and comes with security cameras which are owned.
The driveway was repaved only a few years ago, in 2017. The annual fire inspection was completed a few months ago in 2021. This is a great property to add to your investment portfolio. Great opportunity for new buyers to drive significant value appreciation with rent increases.
By appointment only...DO NOT GO DIRECT.
- Property Address:267 TRAYNOR Avenue, Kitchener, Ontario
- Property Type:Residential
- Lot Size:127.53 x 173.00 127.53 ft Frontage
- Sewage Type:Sewer
- Water Type:Municipal
- Heating Type:Gas Hot Water, Radiant
- Exterior Type:Brick