$3,388,888
FOR SALE

Land

Lot: 127.33 x 331.67 ft

142-146 Fergus Avenue
Kitchener, ON N2A 2H2

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 (id:47421)
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Listed By HOME LEADER REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12145095
Last Updated Apr 01, 2026
Property Summary
Property Type Land

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Price History

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Detailed Information
Lot 127.33 x 331.67 ft
Listing Contract Date 2025-05-13
Location Description Weber Street East and Fergus Avenue
Property Type Vacant Land
Transaction Type For sale
Zoning Description R3
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Utility Water Municipal water
Land
Total Size 0.96 acres
Size of Irregular Land 0.96

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