Unknown for 115 Kraft Ave, Kitchener Ontario N2A 2J2
5 days on Market

115 Kraft Ave, Kitchener, Ontario N2A 2J2

In the same building:
-
Condo
-
3
~15200 sqft
$3,350,000
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Condo
-
3
~15200 sqft

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Highlights

Property Estimate

Days on market5 days

Estimated valueNot available

Price/Sqft$220/sqft

Monthly cost

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Description

Excellent opportunity for multi-family investors to acquire a 15-suite apartment building with strong valued-add potential. The property includes 1 bachelor suites, 1 one-bedroom suite, and 13 predominantly 2-bedroom suites, with approximately half recently renovated, appealing to a broad tenant base and supporting strong cash flow. Ideally located directly off Highway 8 and just minutes from the 401, with access from two streets and ample parking, the building offers exceptional convenience and exposure near local amenities. With rents currently below market, there is significant upside through strategic renovations and tenant turnover, making this a rare opportunity to secure a stable, income-producing asset with long-term growth potential.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~15200 SqFt
Lot Size-
Parking Spaces18
MLS ®Number40809115
Community NameCentreville Chicopee
Data SourceITSO
Listing byCOLLIERS

Features

Heating: Natural Gas, Other
Basement: Partial, Finished

Features

Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 18


2Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Mar 25, 2026
ListedActive
$3,350,000
5 days on market
history photo preview18
Listing by itso®
Property listed by COLLIERS, Brokerage
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Market Data - Centreville Chicopee

Geo Zone Map ThumbnailCentreville Chicopee

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

49 days

Compared to

2025

27 days

2024

13 days

2023

70 days

New Listings

Past 30 days

6 listings

Compared to

2025

6 listings

2024

6 listings

2023

0 listing

Units sold

Past 30 days

2 units

Compared to

2025

2 units

2024

1 unit

2023

4 units

Median Sold Price

Past 30 days

$532,500

Compared to

2025

$333,500

2024

$340,000

2023

$446,000


Population and Demographics

Overview

Total population 7579
Average household income $111,050

Age (%)

0 to 19
24%
20 to 34
23%
35 to 49
19%
50 to 64
18%
65 and plus
16%

Household composition (%)

Single family
65%
Single person
27%
Multi person
7%
Multi family
1%

Mother tongue (%)

English
77%
Others
5%
Arabic
4%
Spanish
3%
Punjabi (Panjabi)
2%
French
1%
Gujarati
1%
German
1%
Serbian
1%

House tenancy (%)

Owners
59%
Renters
41%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget