142-146 Fergus Avenue, Kitchener — For Sale in Kitchener
0 bed · 0 bath · Land for sale in Kitchener.
142-146 Fergus Avenue, Kitchener, ON N2A 2H2
About This Property
Now for sale at 142-146 Fergus Avenue in Kitchener: a 0-bedroom, 0-bathroom land listed at $3,388,888.
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
Property Specifications
| MLS® Number | X12145095 |
|---|---|
| Status | For Sale |
| List Price | $3,388,888 |
| Property Type | Commercial |
| Sub Type | Land |
| Transaction Type | For Sale |
| Bedrooms | 0 |
| Bathrooms | 0 |
| Living Area | 0.96 sq ft |
| Address | 142-146 Fergus Avenue, Kitchener, ON N2A 2H2 |
| City | Kitchener |
| Postal Code | N2A 2H2 |
Listing Contracted With: HOME LEADER REALTY INC.
