
142-146 FERGUS AVENUE, Kitchener, Ontario
$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. (id:23309)
- Listing ID: X12145095
- Property Type: Vacant Land
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This property for sale is located at 142-146 FERGUS AVENUE in Kitchener. It was last modified on June 3rd 2025. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Kitchener real estate for sale.
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