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46 College Street
Kitchener Kitchener N2H 5A1

$12,995,000 /For Sale
Commercial

Main Photo: 46 College Street in Kitchener: Commercial for sale : MLS®# X12743170
Photo 1: 46 College Street in Kitchener: Commercial for sale : MLS®# X12743170
Photo 2: 46 College Street in Kitchener: Commercial for sale : MLS®# X12743170
Photo 3: 46 College Street in Kitchener: Commercial for sale : MLS®# X12743170
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12743170
Bus Major:
Apts - Over 20 Units
Offered together as one opportunity: 46-56 College Street and 58 & 64 Weber Street West in downtown Kitchener. Four updated low-rise walk-ups totalling 74 residential suites in a high-demand urban core location. 46-56 College Street (46 suites) offers renovated interiors with modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats, plus 17 surface parking stalls. 58 & 64 Weber Street West (28 suites) present turnkey interiors with modern kitchens and flooring, heating via in-suite gas fireplaces/baseboards, separate hydro, and 16 surface parking stalls. Prime, walkable location steps to ION LRT, GO Transit, Victoria Park, City Hall, Grand River Hospital, Uptown Waterloo, Market Square, restaurants, and the innovation district. Strong rental demand supported by professional operations with clear rental upside as suites turn over, offering a stable cash-flowing asset with long-term growth potential. Properties are marketed and conveyed together as one transaction on separate PINs with common debt structure, presenting investors with scale, efficiency, and a strong value-add repositioning play. Detailed financials, rent rolls, P&L statements, and property information available to qualified buyers upon execution of a confidentiality agreement.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
76000 sq. ft. Square Feet
Total Area:
1.74 acre(s)
Lot Depth:
0'
Lot Frontage:
129'10"
Water supply:
Municipal
Zoning:
C5
Heating type:
Other
Garage:
Outside/Surface
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$102,504 / 2025
Assessment:
$- / -
Waterloo
Kitchener
Hot water tank (owned). All existing fridges, stoves, light fixtures, and window coverings in units; laundry equipment; any fixtures not owned by tenants.
All tenant belongings.
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - Over 20 Units
Category:
Apartment
Date Listed:
Jan 30, 2026
Original Price:
Previous Price:
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Listed by REAL BROKER ONTARIO LTD.
Data was last updated January 31, 2026 at 03:15 AM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.