The Royal and Wales Apartments – three well-maintained low-rise walk-ups totaling 46 residential units in downtown Kitchener. Renovated in 2015, suites feature modern kitchens, stainless steel appliances, gas fireplaces, and individual thermostats. Excellent tenant mix of 12 bachelors, 23 one-bedrooms, and 11 two-bedrooms. Steps to Victoria Park, Grand River Hospital, Uptown Waterloo, Belmont Village, and the ION LRT. Strong current income with clear rental upside as leases turn over. A turnkey, stabilized investment in a high-demand core location.
Property Type:
Residential Income
Property SubType:
Multi Family
Listing General Location:
212 - Downtown Kitchener/East Ward, 2 - Kitchener East
Crops Included: No, Garage: No, New Construction: No
Construction:
Brick
Basement:
Full, Finished
Roof:
Flat
Number of Storeys:
3
Number of Buildings:
0
Total Floor Area:
1.74 acre(s)0.71 hectare(s)
Finished Area Above Grade:
1.74 acre(s)0.71 hectare(s)
Fireplace:
false
Laundry Features:
Coin Operated, Common Area
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Baseboard, Natural Gas
Hot Tub Equipment,Hot Water Tank (Owned).All Existing Fridges, Stoves, Light Fixtures, And Window Coverings In Units; Laundry Equipment; Any Fixtures Not Owned By Tenants.
Water Softener
All Tenant Belongings.
Built-In Appliances, Separate Heating Controls, Separate Hydro Meters
Data was last updated August 30, 2025 at 05:50 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$1,372,500
Min list price:
$599,000
Max list price:
$9,999,900
Avg days on market:
32
Min days on market:
9
Max days on market:
234
Avg price per sq.ft.:
$402.43
These statistics are generated based on the current listing's property type
and located in
212 - Downtown Kitchener/East Ward. Average values are
derived using median calculations. This data is not produced by the MLS® system.