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CAONKitchener1061 Queens Blvd

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1061 Queens Blvd, Kitchener, ON

Real Estate

Sold

$X
$31,720,000

000

MLS® 40460149

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 146480 sqft
Garage Yes
Taxes $317,574
Lot Size 
Approx. Age 1964
Avg. Price Per Sqft $216
MLS® Number 40460149

Property Address: 1061 Queens Blvd, Kitchener, ON, N2M1C1

Average square foot calculated using Size range provided by listing agent.

Description

A superb high rise building that boasts both old-school charm and modern amenities. Features 11 one-bedroom units, 78 two-bedroom units, and 31 three-bedroom units, along with 2 large penthouse units (one 2 bedroom and one 3 bedroom) completed with multiple balconies and terraces. Well located just up the street from St. Mary's Hospital and backing on to the serene Lakeside Park. The two-story lobby welcomes you with warmth and elegance, while the swimming pool, games room, exercise room, and library room offer endless entertainment options. The building has 10 vacant units, with a tremendous upside potential on rent. The current rents are below market value, offering new buyers the ability to increase rents by approximately 85% on turnover, adding significant value to the investment. 1061 Queens Blvd also offers significant excess density, making it an excellent investment opportunity for those looking to increase and expand their rental portfolio.Show Description
MLS® Number40460149
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1964
BasementNone
Driveway
Garage Spaces69
Heat
A/C
Heating Fuel

Extras

None

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1061 Queens Blvd, Kitchener, ON

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