$2,099,000
FOR SALE

Investment

Lot: 161.66 x 113.19 ft
2025 Taxes: $25,500

15 Floral Cres
Kitchener, ON N2G 3B3 | Waterloo

Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson Park, Kingsdale Community Centre, Fairview Mall, public transit, shopping, and schools, with quick access to the Expressway and major highways. An excellent opportunity to acquire a stabilized asset in a supply-constrained rental market with long-term growth potential.
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Listed By HomeLife Power Realty Inc
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12781782
Last Updated Apr 12, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
PIN 225800062
Taxes (2025) $25,500
Directions/Cross Streets Doon Road
Area Waterloo
Price History

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Detailed Information
Freestanding Y
Lot 161.66 x 113.19 ft
Air Conditioning No
Garage Type Outside/Surface
Parking Spaces 16
Heat Type Radiant

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