15 Floral Crescent Kitchener, Ontario N2G 3B3
$2,099,000
Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential. (id:16261)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12781782 |
| Property Type | Multi-family |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 16 |
Building
| Age | 51 To 99 Years |
| Appliances | Dryer, Washer, Water Softener |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat, Hot Water Radiator Heat, Baseboard Heaters |
| Size Exterior | 8736 Sqft |
| Size Interior | 8,736 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 113 Ft ,2 In |
| Size Frontage | 161 Ft ,7 In |
| Size Irregular | Bldg=161.66 X 113.19 Ft |
| Size Total Text | Bldg=161.66 X 113.19 Ft |
| Zoning Description | Res-5 |
https://www.realtor.ca/real-estate/29352708/15-floral-crescent-kitchener
Contact Us
Contact us for more information
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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 24 2026 11:23:15
The Lakelands Association of REALTORS®
Homelife Power Realty Inc
