351 HOFFMAN Street
Kitchener
6 bed • Multi-family
An exceptional opportunity to purchase a well maintained, professionally managed purpose built sixplex on a large lot with Res-6 zoning. The property features six 1 bedroom apartments, with an average rent of $997. Tenants pay their own hydro. Landlord pays for gas and water. Recent upgrades include: Boiler (2015), Driveway and Roof (2022). There is significant upside potential on the rents along with the potential to intensify the site with additional units.
Price History
Schools
Elementary
- Queen Elizabeth Public School0.1 km
Public · Waterloo Region DSB · 265 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 79% met the provincial standard
- St Bernadette Catholic Elementary School0.6 km
Catholic · Waterloo CDSB · 435 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 42% met the provincial standard
- Monsignor Haller Catholic Elementary School1.3 km
Catholic · Waterloo CDSB · 400 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 32% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute1.7 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- St Mary's High School1.9 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
- Eastwood Collegiate Institute2.4 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2M
- Population
- 36,494
- Private dwellings
- 16,113
- Median age
- 36.4
- Average household size
- 2.3
- Median household income
- $71,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,925
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,925 recorded sales of multi-family properties in Kitchener over the last 12 months.
Walk Score
Walk
Transit
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Scores by Walk Score®
Location
Mortgage Calculator
$240,000
Estimated Monthly Payment
$5,895
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,895/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
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