586 Victoria Street S, Kitchener, ON, N2M 3B1 - investment for sale | Listing ID 40535672

586 VICTORIA Street S, Kitchener, Ontario, N2M 3B1

MLS® # 40535672

Investment For Sale In Victoria Hills, Kitchener, Ontario

$4,600,000

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586 Victoria Street S, Kitchener, ON - Outdoor With Facade

586 Victoria Street S, Kitchener, ON - Outdoor With Exterior

586 Victoria Street S, Kitchener, ON - Outdoor

586 Victoria Street S, Kitchener, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

586 Victoria Street S, Kitchener, ON - Indoor Photo Showing Kitchen

586 Victoria Street S, Kitchener, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen With Upgraded Kitchen

586 Victoria Street S, Kitchener, ON - Indoor Photo Showing Other Room

586 Victoria Street S, Kitchener, ON - Indoor Photo Showing Bathroom

586 Victoria Street S, Kitchener, ON - With View

586 Victoria Street S, Kitchener, ON - Outdoor With View

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Home Insurance - TD Insurance

Get a home insurance quote online for this $4,600,000 property in Kitchener

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Home Insurance - TD Insurance

Get a home insurance quote online for this $4,600,000 property in Kitchener

Provided by TD Insurance

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586 VICTORIA Street S, Kitchener, Ontario, N2M 3B1

$4,600,000

Property Information:

Welcome to 586 Victoria Street South. This 11 unit Residential Apartment Building has been renovated from top to bottom. It has 11 outdoor parking spots. It consists of 1 Bachelor unit, 6-1 Bedroom apartments, 3-2 Bedroom apartments, and 1-3 Bedroom unit. All new flooring in hallways. 10 out of 11 units have been completely renovated with new kitchens, bathrooms and all new appliances. The 11th 3 bedroom unit is oversized and can be easily split into 2 separate units. This unit has been extensively renovated. New kitchen, granite countertops (2020). New appliances (2020): Stainless steel fridge, stove, dishwasher, OTC, microwave. Gas furnace (2020) located in mechanical/ laundry room. Separate AC unit (2020) for this unit located on the roof. Plus separate in-suite laundry room has its own washer & dryer (2020). Hydro panel w/breakers in unit (2020). Separate hydro meters for all units paid by the tenant. Each unit has baseboard heaters and separate wall units(heat pumps). Tremendous opportunity for the investor looking for the perfect turn-key building. (id:27)

Building Features:

Style: Multiplex
Air Conditioning: Yes
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Foundation Type: Poured Concrete
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: Wall unit
Appliances: Microwave Built-in

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 16
Bathrooms: 12
Amenities Nearby: Airport, Hospital, Public Transit, Schools, Shopping
Built in: 1959
Community Features: School Bus
Features: Laundry- Coin operated
Fence Type: Partially fenced
Lot Depth: 134.0 Feet
Lot Frontage: 111.0 Feet
Zoning: R-6/R2B
Sewer: Municipal sewage system
No. of Parking Spaces: 11

Courtesy of: HomeLife Power Realty Inc.

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Market Price Trends

Location of 586 VICTORIA Street S, Kitchener, Ontario, N2M 3B1

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

34 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

34 hot days expected in 2050

52/100

High

ClimateCheck®

Current data

This property, 586 VICTORIA Street S , experiences 7 hot days per year at around 30.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past

30.7℃

2050

34.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 586 VICTORIA Street S , experiences 11 significant 2-day storms per year, with about 321.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 399mm of precipitation per year.

Precipitation Per Storm

Past

321.4mm

2050

399mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 586 VICTORIA Street S, Kitchener, Ontario, N2M 3B1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$87,758.16

Average Number of Children

1.88

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.86 %

High school certificate or equivalent

31.73 %

Apprenticeship trade certificate/diploma

4.91 %

College/non-university certificate

17.01 %

University certificate (below bachelor)

0.39 %

University Degree

17.1 %

Commuter

Travel To Work

By Car

83.35 %

By Public Transit

6.79 %

By Walking

5.41 %

By Bicycle

0.0 %

By Other Methods

4.45 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

44.42 %

Houses

55.58 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 586 VICTORIA Street S, Kitchener, Ontario, N2M 3B1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 586 VICTORIA Street S, Kitchener, Ontario, N2M 3B1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

586 VICTORIA Street S, Kitchener, Ontario, N2M 3B1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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