BRAND NEW PURPOSE BUILT FOUR-PLEX! NO RENT CONTROL HERE! CURRENTLY UNDER CONSTRUCTION with a 6% cap rate! This custom build four unit building offers its new owner years of carefree investing with a great return. You set the rents and pick your own hand picked quality tenants. Designed with the investor in mind this building features no interior hallways to maintain. In suite laundry rooms in all suites. Open concept modern layouts with custom kitchens with quartz counter tops. High quality hard surface flooring throughout. Separate HVAC systems in all units with all separate meters. Full unfinished basement with 2 separate doors gives this property even more additional potential to add another 2 units with City of Kitchener approval. Great Stanley park neighbourhood close to all amenities. This is a great opportunity for the savvy investor looking to add a quality income producing property to their investment portfolio. Full 7 year Tarion warranty!! A great turnkey opportunity!
Property Type:
Residential Income
Property SubType:
Multi-4 Unit
Listing General Location:
226 - Stanley Park/Centreville, 2 - Kitchener East
Bedrooms:
8
Bathrooms:
6.0
(Full:-/Half:-)
Lot Details:
55 x 110
Lot Depth:
110'33.5 m
Lot Frontage:
55'16.8 m
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Brick Veneer, Metal/Steel Siding
Basement:
Walk-Up Access, Full, Unfinished
Foundation:
Poured Concrete
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
3,446 sq. ft.320 m2
Finished Area Above Grade:
3,446 sq. ft.320 m2
Fireplace:
false
Laundry Features:
In-Suite
Water Supply:
Municipal
Water Meter:
Yes
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Heat Pump
Age Electric:
2026
Age Furnace:
2026
Age Plumbing:
2026
Carbon Monoxide Detector,Smoke Detector
Separate Heating Controls, Separate Hydro Meters
false
No
Weber to Franklin
No
Carbon Monoxide Detector, Smoke Detector
HST Applicable To Sale Price:
Included
Features:
Crops Included: No, Garage: No, New Construction: No
Electric Expense:
$1,000
Insurance Expense:
$4,000
Expenses:
Estimated
Snow Garbage Expense:
$1,500
Net Income:
$96,500
Zoning:
R2B
Lot Site Features:
Ample Parking, High Traffic Area, Highway Access, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
Features:
Crops Included: No, Garage: No, New Construction: No
# Of Total Parking Spaces:
6.0
# Of Open Parking Spaces:
6.0
Driveway Parking:
Outside/Surface/Open
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Listed Date:
May 07, 2026
Photo 1 of 3
Floor plan
Site Plan. Illustrating the proposed development and property layout with dimensions and components
Data was last updated May 9, 2026 at 03:50 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$954,000
Min list price:
$499,900
Max list price:
$12,795,000
Avg days on market:
35
Min days on market:
1
Max days on market:
218
Avg price per sq.ft.:
$337.25
These statistics are generated based on the current listing's property type
and located in
2 - Kitchener East. Average values are
derived using median calculations. This data is not produced by
the MLS® system.