April 27, 2025 – CFRealty

FOR SALE -Spadina Apartments is a collection of 67 rental apartment suites on over an acre of land in central west Kitchener.  With a combination of bachelor and one bedroom suites, this purpose built frame rental asset also has the potential to add 4 suites internally.  56 suites are subject to a head lease with an affordable housing provider (ends March 2026) and the remainder are market drive rentals.  There is surface parking and tenants pay their own hydro.  Strong NOI in place and rarely a vacancy due to the head lease.  Rents are 50% below market.  Over $680,000 of NOI per annum.  Asking Price is Negotiable.

Mitchell Chang

Salesperson
(416) 219-0436
mchang@cfrealty.ca

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