Kitchener, ON N2A2H2 142-146 FERGUS AVENUE

$3,388,888

142-146 FERGUS AVENUE Kitchener, ON - Image 1142-146 FERGUS AVENUE Kitchener, ON - Image 2142-146 FERGUS AVENUE Kitchener, ON - Image 3
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142-146 FERGUS AVENUE Kitchener, ON - Image 4
Presented By: HOME LEADER REALTY INC.
  • MLS# X12145095
  • 05/13/2025
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  • SQFT • 1

Home Details

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:7434)
Presented By: HOME LEADER REALTY INC.

Interior Features for 142-146 FERGUS AVENUE

Other Interior Features

Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air

General for 142-146 FERGUS AVENUE

Building Cooling TypeFully air conditioned
Location DescriptionWeber Street East and Fergus Avenue
Property TypeVacant Land
Zoning DescriptionR3

Additional Details

Paul Dojcinovic

TEAM LEADER, REALTOR® at eXp Realty
Price $3,388,888
MLS#X12145095
List Date 05/13/2025
Property Type Land
Phone 403.608.2191
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