About 24 Cait Avenue
Turnkey Investment Opportunity! Well-Maintained 6-Plex Generating Over $83,000 in Annual Rental Income with a 4.4% CAP RATE! This multi-family property features six units, including five spacious 1-bedroom suites and one bachelor unit, offering strong tenant appeal and stable returns. The property provides eight dedicated parking spaces, on-site laundry, and individual storage lockers for tenant convenience. The tenants can enjoy a large, landscaped yard with a patio - ideal for outdoor relaxation and summer barbecues. Located just minutes from Fairview Park Mall, public transit including the ION LRT, and a full range of shops, restaurants, and amenities, this property is perfectly positioned for both tenant satisfaction and long-term value.
Features of 24 Cait Avenue
| MLS® # | 40719549 |
|---|---|
| Price | $1,200,000 |
| Bedrooms | 5 |
| Bathrooms | 6.00 |
| Square Footage | 3,220 |
| Acres | 0.00 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Multi-6-9 Unit |
| Status | Active |
Community Information
| Address | 24 Cait Avenue |
|---|---|
| Area | 3 - Kitchener West |
| Subdivision | 327 - Fairview/Kingsdale |
| City | Kitchener |
| County | Waterloo |
| Province | ON |
| Postal Code | N2C 1G4 |
Amenities
| Parking Spaces | 8 |
|---|---|
| # of Garages | 0.00 |
| Is Waterfront | No |
Interior
| Interior Features | Separate Heating Controls, Separate Hydro Meters, None |
|---|---|
| Heating | Baseboard, Natural Gas, Radiant |
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Finished |
Exterior
| Lot Description | Rectangular, High Traffic Area, Highway Access, Park, Place of Worship, Public Transit, School Bus Route, Schools, Shopping Nearby |
|---|---|
| Roof | Tar/Gravel |
| Construction | Brick |
| Foundation | Poured Concrete |
Additional Information
| Date Last Updated | October 16th, 2025 |
|---|---|
| Zoning | RES-5 |
Listing Details
| Office | Royal LePage Wolle Realty |
|---|