$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
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
Estimated mortgage payment
$14,833 per month
- Principal and interest
- $14,833
- Property tax
- $3,044
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $740,225
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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