15 Floral Crescent Kitchener, Ontario N2G 3B3
$2,099,000
Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential. (id:13139)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12781782 |
| Property Type | Multi-family |
| AmenitiesNearBy | Highway, Public Transit |
| ParkingSpaceTotal | 16 |
Building
| Age | 51 To 99 Years |
| Appliances | Dryer, Washer, Water Softener |
| CoolingType | None |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat, Hot Water Radiator Heat, Baseboard Heaters |
| SizeExterior | 8736 Sqft |
| SizeInterior | 8736 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 113 Ft ,2 In |
| SizeFrontage | 161 Ft ,7 In |
| SizeIrregular | Bldg=161.66 X 113.19 Ft |
| SizeTotalText | Bldg=161.66 X 113.19 Ft |
| ZoningDescription | Res-5 |
https://www.realtor.ca/real-estate/29352708/15-floral-crescent-kitchener
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April 12 2026 05:01:37
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Homelife Power Realty Inc