For Sale

183 OTTAWA Street, Kitchener, Ontario N2G3T3

$1,499,000

183 OTTAWA Street, Kitchener, Ontario N2G3T3 is For Sale and has a listing price of 1,499,000. The property is located in the Mill Courtland Woodside Park neighbourhood. It's been on the website for 16 Days.

  • Office
    Property Type
  • Attached Garage
    Parking
  • 2
    Parking Spaces
  • MLS ID: 40684437
  • Office Name RE/MAX TWIN CITY REALTY INC. BROKERAGE-2
Property Description

Prime Investment Opportunity in Downtown Kitchener located along the LRT tracks and just 450 meters from the station, this 7-unit property offers exceptional accessibility and convenience. Spanning 7,447 sq. ft. of above-grade space, it provides a rare opportunity to expand to 9 units plus a garage and full basement, unlocking additional income potential. Currently generating a reliable NOI of $73,000, the property promises substantial growth in a high-demand rental market. Surrounded by many amenities and steps from transit, it’s an ideal investment for those seeking to maximize returns or leverage its mixed-use potential. Vendor Take-Back (VTB) Financing is Available. (id:43137)

Property Details
  • Virtual Tour: Click Here
  • MLS ID: 40684437
  • Price: $1,499,000
  • Transaction Types: For Sale
  • Ref ID: 27727800
  • Year Built: N/A
  • Property Type: Office
  • Property Type: Commercial
  • Property Sub Category: Office
Price History
List Date MLS ID List Price Status End Date Closed Price
12/06/2024 40683779 $1,499,000 For Sale - -
12/06/2024 40684437 $1,499,000 For Sale - -
07/25/2024 40625256 $1,750,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Mill Courtland Woodside Park
  • $840,678 Average List Price
    based on 1 year
  • 7 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.99 % Below
  • Sold (12mo) 8
  • Rented (12mo) 3

  • 1 Month Change +80.3%
  • 3 Month Change +137.3%
  • 6 Month Change +67.2%
Walkscore
  • 74 Walk Score
    Very Walkable
  • 59 Transit Score
    Good Transit
  • 79 Bike Score
    Very Bikeable
Property Type Distribution
  • All Houses
    82.34%
  • Commercial
    7.27%
  • Condo
    9.35%
  • Land for Sale
    1.04%
Additional Details
  • Sewers Municipal Sewage System
  • Basement2 Full
  • Water Municipal Water
  • Exterior Brick
  • Total Parking Spaces: 2
  • Fireplace False
  • Parking Attached Garage
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 06/12/2024 00:00:00
  • Zoning Y
  • Agent Name: TONY JOHAL
  • Address Subdivision: 212 - Downtown Kitchener/East Ward
  • Last Updated: 16/12/2024 14:14:01
Open House Dates
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