For Sale

422 Hazel Street, Kitchener, Ontario N2L 3P8

$2,400,000

422 Hazel Street, Kitchener, Ontario N2L 3P8 is For Sale and has a listing price of 2,400,000. The property is located in the Kitchener . It's been on the website for 13 Days.

  • Investment
    Property Type
  • MLS ID: X12375362
  • Office Name COLLIERS
Property Description

Well-maintained 11-unit multifamily property in a strong Waterloo location. Situated on a 0.35-acre lot, the building offers a practical suite mix of 6 one-bedroom and 5 two-bedroom apartments, appealing to a broad tenant base. The property features an attractive orange-brown brick exterior, complemented by mature trees at the front entrance that create a welcoming streetscape. Surface parking for tenants is conveniently located at the rear of the building. Inside, residents benefit from a shared laundry room, which also provides additional income for the owner. Located just a one-minute walk from a bus stop on Hazel Street, the property offers excellent transit access. Its central position places tenants within easy reach of Uptown Waterloo, Wilfrid Laurier University, the University of Waterloo, shopping, grocery stores, and restaurants. With its desirable unit mix, stable income, and convenient location, 422 Hazel Street presents a strong investment opportunity in a growing rental market.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12375362
  • Price: $2,400,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 140
  • Ref ID: X12375362
  • Dir / Cross St: Hazel Street & Smallwood Drive
  • Status: Active
  • Tax Year: 2025
  • Property Type: Investment
Price History
List Date MLS ID List Price Status End Date Closed Price
09/02/2025 X12375362 $2,400,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Kitchener
  • $970,149 Average List Price
    based on 1 year
  • 195 New Listings
    based on 30 days
  • 45 Median Days on Market
    based on 1 year
  • List vs. Selling Price 146.89 % Up
  • Sold (12mo) 1,233
  • Rented (12mo) 514

  • 1 Month Change -18.2%
  • 3 Month Change -17.6%
  • 6 Month Change -25.1%
Walkscore
  • 70 Walk Score
    Somewhat Walkable
  • 58 Transit Score
    Good Transit
  • 74 Bike Score
    Very Bikeable
Additional Details
  • Heat Type Gas Hot Water
  • Garage Type Outside/surface
  • Taxes: $27,541
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 02/09/2025 19:55:41
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