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36 Talbot Street, Kitchener, ON, N2M 2A9

MLS® # 40680074
Investment For Sale In Cherry Hill, Kitchener, Ontario
$7,100,000
36 Talbot Street, Kitchener, ON - Outdoor
36 Talbot Street, Kitchener, ON - Outdoor With Balcony With Facade
36 Talbot Street, Kitchener, ON -
36 Talbot Street, Kitchener, ON - Outdoor With Balcony With Facade
36 Talbot Street, Kitchener, ON - Indoor
36 Talbot Street, Kitchener, ON - Indoor
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bedroom
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bedroom
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bathroom
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Outdoor With Balcony With Exterior
36 Talbot Street, Kitchener, ON - Indoor
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Dining Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Dining Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Indoor
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bathroom
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bedroom
36 Talbot Street, Kitchener, ON - Outdoor With Balcony
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Dining Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bathroom
36 Talbot Street, Kitchener, ON - Other
36 Talbot Street, Kitchener, ON - Other
36 Talbot Street, Kitchener, ON - Other
36 Talbot Street, Kitchener, ON  - Outdoor
36 Talbot Street, Kitchener, ON  - Outdoor With Balcony With Facade
36 Talbot Street, Kitchener, ON  -
36 Talbot Street, Kitchener, ON  - Outdoor With Balcony With Facade
36 Talbot Street, Kitchener, ON - Indoor
36 Talbot Street, Kitchener, ON - Indoor
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bedroom
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bedroom
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bathroom
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Outdoor With Balcony With Exterior
36 Talbot Street, Kitchener, ON - Indoor
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Dining Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Dining Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Indoor
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bathroom
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bedroom
36 Talbot Street, Kitchener, ON - Outdoor With Balcony
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Kitchen
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Dining Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Living Room
36 Talbot Street, Kitchener, ON - Indoor Photo Showing Bathroom
36 Talbot Street, Kitchener, ON - Other
36 Talbot Street, Kitchener, ON - Other
36 Talbot Street, Kitchener, ON - Other
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36 Talbot Street, Kitchener, ON, N2M 2A9
$7,100,000

Property Information:

Welcome to a rare purpose-built 36 unit investment opportunity in the heart of Kitchener-Waterloo! This purpose-built, 3-storey, 36-unit building situated on 0.8 acres offers a mix of amenities, excellent location, and potential for significant rental income growth. This solid-built property features 24 one-bed units, 10 two-bed units, and 2 bachelor units, all designed with tenant comfort and convenience in mind. Each above-ground unit boasts a private balcony. The building's infrastructure is rock-solid, with recent updates to all windows and balcony sliders ensuring energy efficiency and aesthetic appeal. The roof, with durable rubber membrane since 2010, provides reliable protection and longevity. Parking is never a concern with 33 open parking spots and 11 garage bays, a rare find in this prime location. The building's secured entry and elevator access add to the safety and convenience for all residents. This opportunity not only offers a stable income with several long-term tenants but also holds immense potential for increased rent as tenants transition. Living in Cherry Hill means being at the heart of it all. Just a short stroll to Highland Road, you'll find a variety of grocery stores, restaurants, and other services that cater to daily needs. Nature enthusiasts will enjoy the proximity to the Filzinger Natural Area, an 8-minute walk that leads to the renowned Victoria Park, offering picturesque pathways and green spaces. Downtown Kitchener, just beyond, is home to the KW tech hub, restaurants/retail options, Kitchener City Hall, train station, and the LRT. Commuters will benefit from the close proximity to the Conestoga Expressway, ensuring efficient travel to Waterloo, Cambridge, and the 401.Families will appreciate the nearby schools/community facilities, making this an ideal location for tenants of all ages. Seize this unique opportunity to expand your real estate portfolio with a prime asset.

Inclusions: Other,36 Fridges, 36 Stoves, 2 Washers, 2 Dryers

Exclusions : Tenant's Belongings

Building Features:

  • Floor Space: 22464 Square Feet

Property Features:

  • Bedrooms: 46
  • Acres Range:
  • Basement: Full, Finished
  • Built in: 1965
  • Construction Materials: Brick Veneer
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 29952 Square Feet
  • Heating: Natural Gas, Radiant
  • Interior Features: Other
  • Laundry Features: Common Area
  • Lot Depth: 270.46 Feet
  • Lot Features: Irregular Lot, Open Spaces, Park, Playground Nearby, Public Transit, Quiet Area, Rec./Community Centre, Schools, Shopping Nearby
  • Lot Frontage: 120.06 Feet
  • Parking Features: Attached Garage
  • Roof: Membrane
  • Water Source: Municipal
  • Zoning: RES-6
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 44

Courtesy of: Keller Williams Innovation Realty

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 36 Talbot Street, Kitchener, ON, N2M 2A9

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: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 36 Talbot Street , 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
7
2050
34

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 Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 36 Talbot Street , 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
11
2050
14

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.

Demographic Information of 36 Talbot Street, Kitchener, ON, N2M 2A9

Life Stage

Later Years

Employment Type

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