28-30 Ontario Street S, Kitchener, ON, N2G 1X2

MLS® # 40663085

Investment For Sale In City Commercial Core, Kitchener, Ontario

$3,850,000

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28-30 Ontario Street S, Kitchener, ON - Outdoor

28-30 Ontario Street S, Kitchener, ON - Indoor Photo Showing Kitchen

28-30 Ontario Street S, Kitchener, ON - Indoor Photo Showing Bathroom

28-30 Ontario Street S, Kitchener, ON - Indoor

28-30 Ontario Street S, Kitchener, ON - Indoor Photo Showing Bedroom

28-30 Ontario Street S, Kitchener, ON - Indoor Photo Showing Other Room

28-30 Ontario Street S, Kitchener, ON - Indoor Photo Showing Laundry Room

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28-30 Ontario Street S, Kitchener, ON, N2G 1X2

$3,850,000

Property Information:

An exceptional opportunity to purchase a recently renovated building - the Condor Suites - in the heart of Downtown Kitchener with nine furnished residential suite apartments with ground floor commercial space currently vacant and available for lease or for the purchasers own use. This unique opportunity would allow the purchaser to select their own tenants or choose to operate the property as a short term to mid term rental property in order to achieve higher returns. There are 8 bachelor suites, and one 1 bedroom. One of the units has a large balcony overlooking Downtown Kitchener. All units have been completely and skillfully renovated from top to bottom - including kitchens, bathrooms, flooring, electrical, windows, heat pumps, and includes furnishings such as kitchenware, bedding, and TVs. Laundry onsite for all residential suites. Access to the building and units is handled wirelessly and has security cameras throughout the common areas. This property is unlike any other in downtown Kitchener and well positioned to be a top performer in your portfolio with additional value add opportunities. The property is featured as part of the DTK Artwalk, with a beautiful large mural created by Chilean artist Alapinta, as a tribute to the Mapuche and Six Nation’s Peoples, the original caretakers of the land. The building has large garage space at the back for potential value add opportunities.

Inclusions: Built-in Microwave,Microwave,Smoke Detector,Window Coverings,Other

Building Features:

Floor Space: 6000 Square Feet

Property Features:

Bedrooms: 0
Acres Range: < 0.5
Basement: Partial, Partially Finished
Construction Materials: Aluminum Siding
Cooling: Ductless, Energy Efficient
Driveway Parking: None
Floor Space (approx): 6000 Square Feet
Heating: Heat Pump
Interior Features: Separate Heating Controls, Separate Hydro Meters
Laundry Features: Common Area, Shared
Lot Features: Park, Public Parking, Public Transit, Shopping Nearby
Lot Frontage: 29.50 Feet
Parking Features: Attached Garage
Roof: Flat, Membrane
Security Features: Smoke Detector
Water Source: Municipal
Window Features: Window Coverings
Zoning: 29.5
Sewer: Sewer (Municipal)
No. of Parking Spaces: 1

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Notes:

Kyle Church

Broker Royal LePage Wolle Realty , Brokerage*

Mobile:519.498.0943

View All of Kyle's Listings

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Market Price Trends

Location of 28-30 Ontario Street S, Kitchener, ON, N2G 1X2

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 28-30 Ontario Street S, experiences 7 hot days per year at around 30.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past

30.8℃

2050

34.3℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 28-30 Ontario Street S, experiences 11 significant 2-day storms per year, with about 320.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 397.8mm of precipitation per year.

Precipitation Per Storm

Past

320.2mm

2050

397.8mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 28-30 Ontario Street S, Kitchener, ON, N2G 1X2

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$98,102.31

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.74 %

High school certificate or equivalent

26.89 %

Apprenticeship trade certificate/diploma

4.01 %

College/non-university certificate

18.27 %

University certificate (below bachelor)

2.09 %

University Degree

35.0 %

Commuter

Travel To Work

By Car

64.53 %

By Public Transit

16.07 %

By Walking

13.16 %

By Bicycle

0.99 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

89.67 %

Houses

10.33 %

Own Vs. Rent

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28-30 Ontario Street S, Kitchener, ON, N2G 1X2 $3,850,000 MLS® # 40663085

Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 28-30 Ontario Street S, Kitchener, ON, N2G 1X2

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 28-30 Ontario Street S, Kitchener, ON, N2G 1X2

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

28-30 Ontario Street S, Kitchener, ON, N2G 1X2

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