46 College Street, Kitchener, ON N2H 5A1
46 College Street, Kitchener, ON N2H 5A1
46 College Street, Kitchener, ON N2H 5A1
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Listed by Ilan Friedner • Real Broker Ontario Ltd.
$12,795,000
Est. payment /mo
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67,000 SqFt
Price Dropped by $200K

46 College Street Kitchener, ON N2H 5A1

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Mico Radulovic

Mico Radulovic

+1(519) 722-3434

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 67,000 sqft

Price per Sqft $190

MLS Listing ID 40801495

Abv Grd Liv Area 67,000

Annual Tax Amount $161,341

Property Sub-Type Multi Family

Source Cornerstone

Property Description

$5.45m CMHC assumable debt @ 2.6% + 2nd mortgage top up options available to 85% LTV. Offered together as one opportunity: 46-56 College Street and 58 & 64 Weber Street West in downtown Kitchener. Four updated low-rise walk-ups totalling 74 residential suites in a high-demand urban core location. 46-56 College Street (46 suites) offers renovated interiors with modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats, plus 17 surface parking stalls. 58 & 64 Weber Street West (28 suites) present turnkey interiors with modern kitchens and flooring, heating via in-suite gas fireplaces/baseboards, separate hydro, and 16 surface parking stalls. Prime, walkable location steps to ION LRT, GO Transit, Victoria Park, City Hall, Grand River Hospital, Uptown Waterloo, Market Square, restaurants, and the innovation district. Strong rental demand supported by professional operations with clear rental upside as suites turn over, offering a stable cash-flowing asset with long-term growth potential. Properties are marketed and conveyed together as one transaction on separate PINs with common debt structure, presenting investors with scale, efficiency, and a strong value-add repositioning play. Detailed financials, rent rolls, P&L statements, and property information available to qualified buyers upon execution of a confidentiality agreement.

Location

Province ON

County Waterloo

Area 2 - Kitchener East

Zoning C5

Direction Weber St W to College St & Younge St

Rooms

Basement Full, Partially Finished

Kitchen 0

Interior

Interior Features Built-In Appliances, Separate Heating Controls, Separate Hydro Meters

Heating Baseboard, Natural Gas

Cooling None

Fireplace No

Appliance Water Purifier, Water Softener

Laundry Coin Operated, Common Area

Exterior

Roof Type Asphalt,Shingle

Lot Frontage 129.84

Garage No

Building

Lot Description High Traffic Area, Hospital, Public Transit, Schools, Shopping Nearby

Faces Weber St W to College St & Younge St

Story 3

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 223170070

Ownership Freehold/None

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Mico Radulovic

Mico Radulovic

Real Estate Broker

+1(519) 722-3434

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