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142-146 Fergus Avenue Kitchener, Ontario N2A 2H2

1 ac
Fully Air Conditioned Forced Air

$3,388,888

Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income. (id:12481)

Property Details

MLS® Number X12145095
Property Type Vacant Land

Building

CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 1 Ac
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 331 Ft ,8 In
SizeFrontage 127 Ft ,4 In
SizeIrregular 0.96
SizeTotal 0.96 Ac
SizeTotalText 0.96 Ac
ZoningDescription R3

https://www.realtor.ca/real-estate/28305804/142-146-fergus-avenue-kitchener

Contact Us

Get in touch with us for more information!

Phil Spoelstra
Broker of Record

(519) 870-7325
(519) 667-1958
www.farmontario.com
RE/MAX Centre City Phil Spoelstra Realty, Brokerage
34 Grandview Crescent
London, Ontario N6K 2Y2

(519) 667-1800
(519) 667-1958
www.farmontario.com

Ron Steenbergen
Broker

(226) 234-8239
(519) 667-1958
www.farmontario.com/
RE/MAX Centre City Realty Inc., Brokerage
675 Adelaide Street North
London, Ontario N5Y 2L4

(519) 667-1800
(519) 667-1958
www.centrecityrealty.com

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June 03 2025 08:59:02

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