43 days on Market

24 Cait Ave, Kitchener, Ontario N2C 1G4

Townhouse
6
6
~2500-3000 sqft
$•••,•••
$1,289,000
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Townhouse
6
6
~2500-3000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$472/sqft

Est. Mortgage$5,536/mo

Tax Amount (2024)$6,440/yr

Days On Market43 days


Description

Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4.1% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value.


Property Details

Style3-Storey
View-
Age of property51-99
SqFt~2500-3000 SqFt
Lot Size10,078 SqFt(132 x 76.35)
Parking Spaces8
MLS ®NumberX12135141
Community NameVanier
Data SourceTRREB
Listing byROYAL LEPAGE WOLLE REALTY

Features

Heating: Radiant
Basement: Finished

Features

Lot size: 10,078 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property listed by ROYAL LEPAGE WOLLE REALTY, Brokerage

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Market Data - Vanier

Geo Zone Map ThumbnailVanier

Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

17 days

Compared to

2024

29 days

2023

17 days

2022

27 days

New Listings

Past 30 days

3 listings

Compared to

2024

2 listings

2023

0 listing

2022

8 listings

Units sold

Past 30 days

1 unit

Compared to

2024

3 units

2023

1 unit

2022

3 units

Median Sold Price

Past 30 days

$503,500

Compared to

2024

$540,000

2023

$530,000

2022

$645,000


Population and Demographics

Overview

Total population 11555
Average household income $87,115

Age (%)

20 to 34
28%
0 to 19
19%
35 to 49
18%
65 and plus
17%
50 to 64
17%

Household composition (%)

Single family
57%
Single person
34%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
71%
Spanish
5%
Others
4%
Arabic
3%
Punjabi (Panjabi)
3%
Serbian
2%
Gujarati
2%
Tagalog (Pilipino, Filipino)
2%
French
2%

House tenancy (%)

Renters
64%
Owners
36%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget