46 College Street Kitchener, Ontario N2H 5A1
$12,795,000
$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. (id:49269)
Property Details
| MLS® Number | 40801495 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Public Transit, Schools, Shopping |
| CommunityFeatures | High Traffic Area |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 33 |
Building
| Appliances | Water Softener, Water Purifier |
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 3 |
| SizeInterior | 67000 Sqft |
| UtilityWater | Municipal Water |
Parking
| Open |
Land
| Acreage | No |
| LandAmenities | Hospital, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 130 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C5 |
https://www.realtor.ca/real-estate/29307213/46-college-street-kitchener
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March 18 2026 02:00:54
REALTORS® Association of Hamilton-Burlington
Real Broker Ontario Ltd.