An exceptional investment asset with high-yielding revenue streams in the heart of Kitchener’s thriving tech and innovation hub. Strategically positioned on a massive 0.24-acre lot with EMP-1 Employment Zoning, this highly versatile property features a multi-unit residential building plus a rare, substantial concrete block detached garage compound. The primary building consists of four tenanted one-bedroom units plus an additional bonus studio space offering immense value-add potential, all serviced by robust radiant heating. Completely independent from the residential leases, the four garage bays operate as distinct, cash-flowing commercial and storage rental units equipped with their own separate hydro meters, including an active automotive shop with excellent street visibility and signage. Generating cash flow with immediate scaling potential, the property also features a massive asphalt driveway accommodating eleven off-street parking spaces. Located just steps from major transit lines, commuter rail links, tech employers, highway access, and downtown amenities, this recession-proof portfolio addition appeals equally to commercial owner-operators, traditional multi-residential investors, and premium value-add buyers looking to secure a dominant footprint in a premier location.
Property Type:
Residential Income
Property SubType:
Multi-4 Unit
Year built:
1985
(Age: 41)
Listing General Location:
114 - Uptown Waterloo/North Ward, 1 - Waterloo East
Data was last updated June 2, 2026 at 03:50 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$1,124,500
Min list price:
$500,000
Max list price:
$4,150,000
Avg days on market:
123
Min days on market:
7
Max days on market:
307
Avg price per sq.ft.:
$381.45
These statistics are generated based on the current listing's property type
and located in
1 - Waterloo East. Average values are
derived using median calculations. This data is not produced by
the MLS® system.