Kitchener · Income · Multi-unit / transit
A downtown multi-unit priced ahead of its condition.
Acquisition
$440–480K
Repairs
$100–130K
ARV (comps)
$650–700K
Spread*
$60–100K
*Illustrative gross spread before renovation, financing and transaction costs. Not a guarantee.
Steps from transit, two kitchens, real income potential — the ask is ahead of the work. That gap is the negotiation.
Figures are illustrative estimates for discussion, not an appraisal or guarantee. The property is described in general terms only; the specific listing is shared privately, on a disclosed cooperating basis, once we are working together.
The read
Two kitchens, an in-law layout, and a transit-line location give it a real income future. Renovated multi-unit homes nearby have sold in the $650K–$700K range, while a true fixer comparable sold far lower. It works for the buyer who reads it as an income hold and comes in well under ask, not a quick cosmetic flip.
What to watch
- The entry has to come down — buy on condition, not on ask
- Heavier, multi-storey reno; confirm the second unit is legal
- A rental hold more than a fast resale
Why it is still available
These are motivated-seller situations: a power of sale, a price that outran the condition, a building the ordinary buyer could not finance or could not read. The motivation is real and so is the value. Most buyers simply stop at the surface, and reading past it is the work. That gap is the opportunity.
If the math works for you, let us send the ones that fit your box.
Tell us your area, budget and what you would take on. When a file matches, you see it first.
Resolve · HomeLife G1 Realty Inc., Brokerage · Independently Owned & Operated · RECO Reg. No. 6024721