15 Floral Crescent, Kitchener ON

About 15 Floral Crescent

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:56071). Get more information on 15 Floral Crescent

Property Features

Appliances:  Water softener
Features:  Paved driveway, Laundry- Coin operated
Rental Equipment:  
Directions:  King St. East to Dixon St. to Rockway Dr. to Doon Rd. to Floral Cres.
Zoning Description:  RES-5
Interior Size:  8736 sqft
Community Features:  Quiet Area
Access:  Highway access
Lot:  0.371 ac|under 1/2 acre 0.371
Exterior Finish:  Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / None
Age:  1955
Foundation: Poured Concrete
Constructed Date:  1955
Basement:  Full (Finished) Finished

Rooms & Sizes