46 COLLEGE Street, Kitchener, ON N2H5A1
46 COLLEGE Street, Kitchener, ON N2H5A1
46 COLLEGE Street, Kitchener, ON N2H5A1
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$12,795,000
Est. payment /mo
67,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 67000

Square Footage 67,000 sqft

Price per Sqft $190

Subdivision 212 - Downtown Kitchener/East Ward

MLS® Listing ID 40801495

Property Sub-Type Freehold

Property Description

$5.45m CMHC assumable debt @ 2.6% + 2nd mortgage top up options available to 85% LTV. Offered together as one opportunity: 46-56 College Street and 58 & 64 Weber Street West in downtown Kitchener. Four updated low-rise walk-ups totalling 74 residential suites in a high-demand urban core location. 46-56 College Street (46 suites) offers renovated interiors with modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats, plus 17 surface parking stalls. 58 & 64 Weber Street West (28 suites) present turnkey interiors with modern kitchens and flooring, heating via in-suite gas fireplaces/baseboards, separate hydro, and 16 surface parking stalls. Prime, walkable location steps to ION LRT, GO Transit, Victoria Park, City Hall, Grand River Hospital, Uptown Waterloo, Market Square, restaurants, and the innovation district. Strong rental demand supported by professional operations with clear rental upside as suites turn over, offering a stable cash-flowing asset with long-term growth potential. Properties are marketed and conveyed together as one transaction on separate PINs with common debt structure, presenting investors with scale, efficiency, and a strong value-add repositioning play. Detailed financials, rent rolls, P&L statements, and property information available to qualified buyers upon execution of a confidentiality agreement. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters,

Cooling None

Exterior

Parking Features No

Community Features High Traffic Area

View Y/N No

Attached Garage No

Total Parking Spaces 33

Garage No

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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46 COLLEGE Street

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