59 Durham Street, Kitchener, Ontario N2P 1G5 (22240728)


59 Durham Street Kitchener, Ontario N2P 1G5

Central Air Conditioning Forced Air


ATTENTION savvy investors, invest in this fully operating student rental RIGHT across the street from Conestoga Colleges growing Kitchener campus. 6.3% cap rate on day ONE!! You can literally walk to the campus in 3 minutes. The 401 is also a 1 minute drive from this property. With this MASSIVE lot size, it has potential for future development. There is still lots of room for improvements to increase rents over time which will increase the value of the property, and the cash flow. Get into this property before it sells! If youre an investor looking for massive cash flow on day one, this is it! Contact the listing agent for the financial package. (id:29438)

Property Details

MLS® Number 40008048
Property Type Multi-family
Equipment Type None
Features Double Width Or More Driveway, Crushed Stone Driveway
Parking Space Total 7
Rental Equipment Type None


Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1982
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding
Fire Protection None
Fireplace Present No
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1800
Utility Water Municipal Water




Acreage No
Sewer Municipal Sewage System
Size Depth 78 Ft
Size Frontage 108 Ft
Size Total 0|under 1/2 Acre
Size Total Text 0|under 1/2 Acre
Zoning Description Res


Water Available


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