Gurvinder Nokwal REALTOR®
For Sale Multiplex 207 days on market

$3,350,000

Est. payment $14,833/moCalculate yours

115 Kraft Avenue, Kitchener, ON N2A 2J2

Kitchener, ON N2A 2J2

  • 28 Beds
  • 15 Baths
  • 5,000 Sq Ft
Map

Listing courtesy of Colliers Macaulay Nicolls Inc. MLS® X12970098

About this home

Excellent opportunity for multi-family investors to acquire a 15-suite apartment building with strong value-add potential. The property includes 1 bachelor suite, 1 one-bedroom suite, and 13 predominantly two-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.**INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**

Property details

Overview

Property Type
Multiplex
Style
2 1/2 Storey
For
For Sale
Status
New
Size
5,000 sqft

Interior

Bedrooms
28
Bathrooms
15
Kitchens
15
Basement
Finished

Building & Systems

Heating
Water (Gas)
Cooling
None
Exterior
Concrete Block
Foundation
Brick, Concrete
Roof
Flat, Tar and Gravel
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
102 x 230 Feet
Parking
None garage · 18 total

Financial

Property Taxes
$36,526 (2025)

Location

Cross Street
KRAFT AVE & FALESY AVE
Direction Faces
East

Listing

MLS® Number
X12970098
Days on Market
207
Listed On
2026-03-25
Possession
Flexible
Listed By
Colliers Macaulay Nicolls Inc.

Features

Interior

  • Built-In Oven
  • Intercom

Property

  • Public Transit

Pool

  • None

Mortgage calculator

Minimum for this price: $670,000 (20%)

Amortization, years

Estimated mortgage payment

$14,833 per month

Principal and interest
$14,833
Property tax
$3,044
Estimated monthly cost
$17,877

Your mortgage

Mortgage amount
$2,680,000
Mortgage insurance
Not needed
Interest over 25 years
$1,769,923

Cash to close

Down payment
$670,000
Land transfer tax
$70,225
Total, before legal fees
$740,225
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

115 Kraft Avenue, Kitchener, ON N2A 2J2 Kitchener, ON N2A 2J2
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$3,350,000 115 Kraft Avenue, Kitchener, ON N2A 2J2
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