For Sale

406 Hazel Street, Kitchener, Ontario N2L 3P8

$2,400,000

406 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: X12375341
  • Office Name COLLIERS
Property Description

Attractive 11-unit multifamily property located in Waterloo. Situated on a 0.38-acre site, the building features a desirable suite mix of 8 one-bedroom, 2 two-bedroom, and 1 three-bedroom apartments, appealing to a wide range of tenants. The property’s off-white brick exterior presents a clean, well-maintained look, with many units offering private balconies. Inside, several apartments have been updated with modern finishes including new flooring, upgraded bathrooms, and mid-renovated kitchens. An on-site laundry room provides added convenience for residents while generating additional income for the owner. Ideally located with a bus stop right at the front door, tenants enjoy excellent transit access alongside proximity to Uptown Waterloo, Wilfrid Laurier University, and the University of Waterloo. Nearby amenities include shopping, grocery stores, restaurants, and the ION LRT. This prime location, combined with updated interiors and stable income, makes 406 Hazel Street a compelling investment in a growing rental market.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12375341
  • Price: $2,400,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 123
  • Ref ID: X12375341
  • 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 X12375341 $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
Additional Details
  • Heat Type Gas Hot Water
  • Garage Type Outside/surface
  • Taxes: $27,616
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 02/09/2025 19:51:57
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