115 Kraft Avenue, Kitchener, ON N2A 2J2
$3,350,000
$670 / sq ft7 months on market
- Bedrooms
- 28
- Bathrooms
- 15
- Interior
- 5,000 sf
- Parking
- 18
- Lot
- 102 × 230 ft
What's special
- 18 parking spaces
- Finished basement
- Built-in oven
- Intercom
About this property
Excellent opportunity for multi-family investors to acquire a 15-suite apartment building with strong value-add potential. The property includes 1 bachelor suite, 1 one-bedroom suite, and 13 predominantly two-bedroom suites, with approximately half recently renovated, appealing to a broad tenant base and supporting strong cash flow. Ideally located directly off Highway 8 and just minutes from the 401, with access from two streets and ample parking, the building offers exceptional convenience and exposure near local amenities. With rents currently below market, there is significant upside through strategic renovations and tenant turnover, making this a rare opportunity to secure a stable, income-producing asset with long-term growth potential.**INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**
Features
- Built-In Oven
- Intercom
Property details
Property
- Property type
- multiplex
- Bedrooms
- 28
- Bathrooms
- 15
- Interior size
- 5,000 sq ft
- Lot size
- 102 × 230 ft
- Possession
- Flexible
Interior
- Basement
- Finished
- Heating
- Water · Gas
- Exposure
- East
Exterior & services
- Construction
- Concrete Block
- Parking spaces
- 18
- Sewer
- Sewer
Costs
- List price
- $3,350,000
- Property taxes
- $36,526 / year (2025)
- Price per sq ft
- $670
Listing
- MLS® number
- X12970098
- Status
- For sale
- Listed
- April 8, 2026
- Days on market
- 211
- Last updated
- September 23, 2026
- Listing brokerage
- Colliers Macaulay Nicolls Inc.
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 100% of comparable multiplex listings in Kitchener are asking less.
- This home
- $670 / sq ft
- Comparable median
- $462 / sq ft
Based on 36 comparable active multiplex listings in Kitchener. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $14,818.18
- Property tax (est.)
- $3,043.83
- Estimated monthly
- $17,862
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $70,225
- Total due on closing
- $70,225
An estimate on the asking price of $3,350,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Colliers Macaulay Nicolls Inc.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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