$2,600,000

For sale

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368 WEBER Street West, Kitchener - Multi-family for Sale

368 WEBER Street West, Kitchener, Ontario, N2H4B2

19 beds12 baths12 parking ft²

46 Traynor Avenue, Kitchener, Ontario, N2C1V9

5 bd4 ba5 pk900 ft²Lot size 55 × 110 ft (6,033 sq ft)

Listed by CENTURY 21 MILLENNIUM INC.

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For saleJust listed

2 days ago

$819K

376 South VICTORIA Street South, Kitchener, Ontario, N2M3A5

4 bd3 ba6 pk2,400 ft²

Listed by RE/MAX Twin City Realty Inc.

55 ISAIAH Drive, Kitchener, Ontario, N2E0B2

For saleJust listed

4 days ago

$990K

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4 bd4 ba4 pk3,563 ft²

Listed by RE/MAX Real Estate Centre Inc.

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

For saleJust listed

5 days ago

$750K

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

4 bd3 ba5 pk1,575 ft²

Listed by Re/Max Twin City Realty Inc.

Investment analysis

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$2,600,000

Kitchener

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Description

Attention investors, great investment property located right between Kitchener and Waterloo and close to public transit, shopping, the expressway and so much more. This 12 unit apartment building comes with 7 - 2 bedroom units and 5 - 1 bedroom units, each unit has a parking spot, all units are separately hydro metered, attached garage for storage for owners use, recent updates include roof shingles in 2015, water softener in 2015, downspouts, soffits and fascia in 2024 -, coin operated washer in 2026, and 2 hot water heaters that are owned in 2026. Book your appointment today (id:66096)

Market Timing

Days on market

105d

Kitchener listings, avg age

53d

Price / ft²

$419

List price

$2.60M

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (N2H)

This home lists at $2,600,000, about 35.4× the local median household income of $73,500.

Carrying it typically needs a household income of about $507,871 (20% down, 25-yr amortization, stress-tested) — roughly 591% above the area median.

Median household income: $73,500
Population: 22,456
Median age: 38.4
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N2H)

$2,600,000· $419/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $520,000

Min 20%50%

Mortgage payment$11,088/mo

Property tax (est.)$2,348/mo

Total monthly$13,436

Cash Needed to Close

Down payment (20%)$520,000

Land transfer tax$51,475

Est. closing costs$10,300

Total cash needed$581,775

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

368 WEBER Street West, Kitchener - Multi-family for Sale

Rental cashflow calculator

Description

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Neighbourhood profile (N2H)

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