422 Hazel Street
Kitchener, ON
0.35 sqft • Investment • 359 days on market
Well-maintained 11-unit multifamily property in a strong Waterloo location. Situated on a 0.35-acre lot, the building offers a practical suite mix of 6 one-bedroom and 5 two-bedroom apartments, appealing to a broad tenant base. The property features an attractive orange-brown brick exterior, complemented by mature trees at the front entrance that create a welcoming streetscape. Surface parking for tenants is conveniently located at the rear of the building. Inside, residents benefit from a shared laundry room, which also provides additional income for the owner. Located just a one-minute walk from a bus stop on Hazel Street, the property offers excellent transit access. Its central position places tenants within easy reach of Uptown Waterloo, Wilfrid Laurier University, the University of Waterloo, shopping, grocery stores, and restaurants. With its desirable unit mix, stable income, and convenient location, 422 Hazel Street presents a strong investment opportunity in a growing rental market.
Listing Details
- Taxes (2025)
- $27,541
- Listed
- September 2, 2025
Price History
Property
- Lot Size
- 108 x 140 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Hazel Street & Smallwood Drive
- Zoning
- RMU-20
- Parcel Number
- 222740056
- Possession
- Immediate
Commercial
- Business Type
- Apts - 6 To 12 Units
- Occupancy
- Tenant
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
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
Commercial in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,928
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,928 recorded sales of commercial properties in Kitchener over the last 12 months.
Listed by
COLLIERS
Location
Commercial figures
- Annual property tax
- $27,541
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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