142-146 Fergus Avenue
Kitchener, ON
- 0.96 sqft
- Land
- 480 days on market
Kitchener Purpose-Built Rental For Sale or JV! Nearly approved 88-unit (potential 118) project with CMHC MLI Select eligibility. Ideal for market, affordable, senior, or student housing. Estimated $45M build with potential 50-year amortization. Cash/equity as low as ~$2.2M, depending on sponsor net worth and CMHC approval. Site: 0.965 acres, 72,616 SF GFA, 89 parking stalls, 28 bike spaces. Projected $3.15M gross rent, $2.3M NOI, 7% stabilized cap. As-is appraisal $6.8M (July 2024); asking $5M. Prime location near GO, schools, shopping & jobs. Rare chance for secure long-term income
Listing Details
- Taxes (2024)
- $9,572
- Originally Listed
- $3,690,000
- Listed
- May 13, 2025
Price History
Property
- Lot Size
- 127.4 x 331.7 Feet
Parking
- Garage
- In/Out
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Weber Street East and Fergus Avenue
- Zoning
- R3
- Parcel Number
- 225650236
- Possession
- Immediate
- Occupancy
- Tenant
Community
Postal area N2A
- Population
- 32,454
- Private dwellings
- 12,178
- Median age
- 39.2
- Average household size
- 2.7
- Median household income
- $96,000
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
Commercial in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,926
- Median days on market
- 20
- Sale-to-list price
- 100.9%
Based on 1,926 recorded sales of commercial properties in Kitchener over the last 12 months.
Listed by
HOME LEADER REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $9,572
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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