For Sale
142-146 Fergus Avenue
Kitchener, ON
$3,388,888
0Bd
0Ba
—sqft
127.4 x 331.7 ftlot
LandMLS# X12145095Listed 2025-05-13344 DOM
On the market for 344 days — longer than average. The seller may be open to negotiation.
About this home
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
Features
- Yes
Financials
Annual Taxes
$9,572
Estimated Rental Income
Entire property$2,000 – $3,000/mo
Rental yield0.7% – 1.1%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Kitchener
Days on market344 days
Buyer's MarketSeller's Market
Based on active listings in Kitchener. Data updates daily.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
54
/ 100
Walk Score
Somewhat Walkable
41
/ 100
Transit Score
Some Transit
40
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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