Property Information:

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:27)

Building Features:

Style: Multiplex
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 8736 sqft
Foundation Type: Poured Concrete
Heating Type: Baseboard heaters
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Water softener

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 11
Bathrooms: 11
Access Type: Highway access
Amenities Nearby: Golf Nearby, Public Transit, Schools, Shopping
Built in: 1955
Community Features: Quiet Area
Features: Paved driveway, Laundry- Coin operated
Floor Space (approx): 8736 Square Feet
Irregular: Yes
Lot Depth: 113 Feet
Lot Frontage: 162 Feet
Lot Size: 0.37 Acres
Zoning: RES-5
Sewer: Municipal sewage system
Parking Type: Open
No. of Parking Spaces: 16

Courtesy of: HomeLife Power Realty Inc.

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Demographic Information of 15 FLORAL Crescent, Kitchener, Ontario, N2G 3B3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$100,364.58

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.49 %

High school certificate or equivalent

32.57 %

Apprenticeship trade certificate/diploma

9.28 %

College/non-university certificate

23.32 %

University certificate (below bachelor)

0.33 %

University Degree

16.0 %

Commuter

Travel To Work

By Car

92.15 %

By Public Transit

4.36 %

By Walking

0.83 %

By Bicycle

0.0 %

By Other Methods

2.66 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

43.55 %

Houses

56.45 %

15 FLORAL Crescent, Kitchener, Ontario, N2G 3B3