15 Floral Crescent Kitchener, Ontario N2G 3B3
$2,099,000
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. (id:49203)
Property Details
| MLS® Number | 40804656 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Public Transit, Schools, Shopping |
| Community Features | Quiet Area |
| Features | Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 16 |
Building
| Bathroom Total | 11 |
| Bedrooms Total | 11 |
| Appliances | Water Softener |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1955 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 8,736 Ft2 |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 113 Ft |
| Size Frontage | 162 Ft |
| Size Irregular | 0.371 |
| Size Total | 0.371 Ac|under 1/2 Acre |
| Size Total Text | 0.371 Ac|under 1/2 Acre |
| Zoning Description | Res-5 |
https://www.realtor.ca/real-estate/29352589/15-floral-crescent-kitchener
Contact Us
Contact us for more information
Rob Piombini
Broker Manager
(519) 885-8700
www.luxerealtyteam.com/
385 Frederick Street, Unit 32
Kitchener, Ontario N2H 2P2
(519) 885-8810
(519) 885-8700
www.homelifepower.com/
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Dalibor Radulovic
Salesperson
(519) 885-8700
www.daliborrealtor.com/
385 Frederick Street, Unit 32
Kitchener, Ontario N2H 2P2
(519) 885-8810
(519) 885-8700
www.homelifepower.com/
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Tunde Abiodun
Broker
(519) 885-8700
385 Frederick Street, Unit 32
Kitchener, Ontario N2H 2P2
(519) 885-8810
(519) 885-8700
www.homelifepower.com/
www.facebook.com/HomeLifePowerRealty/
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February 12 2026 03:31:51
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