Tag Archives: investment real estate

How to Price a Kitchener Waterloo Apartment Building

Value of a Kitchener Waterloo Apartment Building


One of things I find myself talk to real estate investors about these days is how to value a Kitchener Waterloo Apartment Building.  Seems there are lots of people looking to acquire high quality apartment buildings, but there is small supply of these buildings for sale, especially when we start talking about more than 50 units.

Most owners are happy to hold their buildings now  – multi family real estate is a notoriously stable investment during good times and bad (and stable investments are held in higher regard during recessionary times), but buyers are eager to deploy their capital into a stable asset.

This spread between available supply and current demand makes it a great time to sell your Kitchener Waterloo apartment building; case in point, we have recently seen quality multi family investment properties come to market and receive multiple offers in the first few days.

How to Price a Kitchener Waterloo Apartment Building

If you were going to sell your Kitchener Waterloo Apartment Building, how would you price it?

Right now, there is a large difference in ‘per suite’ asking prices for comparable apartment buildings online, with several active multi-family listings being priced considerably higher than comparable recent sales.

(Note: there are some properties, like brand new buildings or luxury apartment buildings, that sell for outside the normal range. For example, see: Two Waterloo Region Apartment Buildings Sell For $45+ million)

Click play to watch this quick video we put together looking at the prices of apartment buildings in Kitchener Waterloo

If you own a Kitchener Waterloo Apartment Building

If you have any questions about the multi-family investment market in Waterloo Region, call me directly at 519-772-4376 or email me at Benjamin@BenjaminBach.com

KW Commercial is your one stop shop for commercial, investment, retail and multi family advice and brokerage in Waterloo Region.  

We have buyers currently looking for a large Kitchener Waterloo Apartment Building – call us to discuss the sale of your property.

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Kitchener Waterloo Apartment Buildings & Multi-Family Investment Property

Apartment Buildings in Kitchener Waterloo

Want to buy an Apartment Building?

Apartment Buildings and Multi-Family Investment Property can be great investments.

Stable cash flow, low vacancy, and the ability to farm out the management and just collect cheques.  These are just a few of the reasons our clients are investing in multi-unit buildings, student housing and townhouse complexes.

There are several apartment buildings available in Kitchener Waterloo between $1 million and $10 million. Due to the nature of the Multi-Family market, we’re unable to provide a full list of available listings on our website.

For a full list of investment property currently available, click here.

Selling an apartment building in KW

KW Commercial specializes in helping investors acquire and dispose of investment property to maximize their return on investment.  We have worked with clients from across the world to profitably buy and sell property.

We have a list of qualified investors waiting for apartment buildings to buy, and we want to connect them to owners like you.

Whether you would like to sell a walk-up apartment building, or need to dispose of a national portfolio of multi-family housing, Benjamin Bach & KW Commercial can serve all your needs.

Interested in what apartment buildings are selling for? Take a look at How much for the apartment building in the window? and Two Waterloo Region Apartment Buildings Sell For $45+ million

Sold Apartment Buildings in Kitchener Waterloo

(New!) Two Waterloo Region Apartment Buildings Sell For $45+ million (225 units at $207,600 per suite)

Here are a few apartment buildings that our firm has helped real estate investors dispose and acquire. For a full list of properties, contact us.

LOCATION: Kitchener,
SIZE: 31 Unit Multi Family Walk-Up Building
SERVICES PROVIDED Benjamin Bach, Director with KW Commercial, consulted with the owners to list & market the investment property across Canada. The goal was to maximize profit in a quick sale. Building was listed for $2,200,000 and had a firm agreement of sale within seven days Keller Williams also represented the buyer to acquire the property and find new management.

LOCATION: Waterloo, very close to Wilfrid Laurier University

SIZE: 20 Students in 4 units. Recently constructed & purpose built, this property is in very good condition.
SERVICES PROVIDED Benjamin Bach represented the investor to acquire the property for $45,000 below list price. Benjamin also connected the buyers to the banking professionals who underwrote the new first mortgage; and helped buyer (a first time real estate investor) arrange for property management

Want to Invest in Kaufman Lofts in Kitchener?

…here is some information you’ll need!

A real estate investor recently asked me why people like buying condos at the Kaufman Lofts in Kitchener, Ontario

Between the terrific location (across from the new Health Sciences campus at the corner of King and Victoria St in downtown Kitchener), the iconic nature of the property – Kaufman Footwear has been there since the early 20th century – and the premier rents the condos generate, they can make a great real estate investment.

Along with desireable addresses like the Bauer Lofts and 144 Park in Waterloo, Kaufman Lofts are a premier building in the region. 

Click Play to watch the video. This looks at the reasons investors like buying condos here, and goes through the potential cash flow that the rental unit can generate.

Let’s assume a real estate investor is looking at a 1 bedroom condo here. There are units available around $180,000 – a unit at this price is amongst the smallest available, but still in demand by buyers and tenants alike.

(These figures are all projections. Contact Benjamin for a personalized consultation)

kaufman lofts real estate rental analysis

The sheet above (click to enlarge it) shows us the assumptions we’re using:

$1200 a month in rent

$3000 condo fee and $1700 in property tax annually etc.

It also shows us the mortgage options – this investor is using a 20% downpayment, and getting a 80% LTV (Loan to Value) mortgage.

Now let’s look at the cash flow (click to enlarge):

kaufman lofts real estate rental analysis 2As we can see, a Kaufman Loft can generate a positive cash flow for a real estate investor, based on these figures.

Over 20 years, what will your return on equity be? Let’s look at another cash flow projection:

Click to enlarge

For more information on Kaufman Lofts and other condos in Kitchener, contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376

Why do Real Estate Investors like the Kaufman Lofts?

by Benjamin Bach, the Wealth Team on 10. Apr, 2010 in Featured Articles, Real Estate Investment, kitchener waterloo { Edit }

A real estate investor recently asked me why people like buying condos at the Kaufman Lofts in Kitchener, Ontario 

Between the terrific location (across from the new Health Sciences campus at the corner of King and Victoria St in downtown Kitchener), the iconic nature of the property – Kaufman Footwear has been there since the early 20th century – and the premier rents the condos generate, they can make a great real estate investment

Along with desireable addresses like the Bauer Lofts and 144 Park in Waterloo, Kaufman Lofts are a premier building in the region.  

Click Play to watch the video. This looks at the reasons investors like buying condos here, and goes through the potential cash flow that the rental unit can generate.
A real estate investor recently asked me why people like buying condos at the Kaufman Lofts in Kitchener, Ontario 

Between the terrific location (across from the new Health Sciences campus at the corner of King and Victoria St in downtown Kitchener), the iconic nature of the property – Kaufman Footwear has been there since the early 20th century – and the premier rents the condos generate, they can make a great real estate investment. 

Click Play to watch the video. This looks at the reasons investors like buying condos here, and goes through the potential cash flow that the rental unit can generate.
 

Let’s assume a real estate investor is looking at a 1 bedroom condo here. There are units available around $180,000 – a unit at this price is amongst the smallest available, but still in demand by buyers and tenants alike. 

(These figures are all projections. Contact Benjamin for a personalized consultation)
 

kaufman lofts real estate rental analysis 

The sheet above (click to enlarge it) shows us the assumptions we’re using: 

$1200 a month in rent 

$3000 condo fee and $1700 in property tax annually etc. 

It also shows us the mortgage options – this investor is using a 20% downpayment, and getting a 80% LTV (Loan to Value) mortgage. 

Now let’s look at the cash flow (click to enlarge): 

kaufman lofts real estate rental analysis 2As we can see, a Kaufman Loft can generate a positive cash flow for a real estate investor, based on these figures. 

Over 20 years, what will your return on equity be? Let’s look at another cash flow projection: 

Click to enlarge 

For more information on Kaufman Lofts and other condos in Kitchener, contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376 

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Development of New Waterloo Condo at 144 Park estimated at over $20 million

Construction of 144 Park Condo in Waterloo estimated at $21 million

144 Park is a new luxury condo building going up in Waterloo, Ontario at the corner of Park and Allen in Uptown Waterloo. It has units going over $1 million, making it the most luxurious development in the region.

I was researching the condo, and I found this interesting report from Daily Commercial News and Construction Record

CONDOMINIUM APARTMENT BUILDING
Waterloo, Waterloo Reg ON                                                            NEGOTIATED/PLANNING

144 Park – Uptown Waterloo, 144 Park St & Allen St, N2L 1Y6   –   $21,000,000 estimated 

Note: Sales and marketing are ongoing. Architect has completed Preliminary designs. Working Drawings are expected to begin April/May 2010. Sub trade Tender is expected to be issued Summer 2010. Further update Spring 2010.

Project: cast-in-place concrete structural frame, fuel fired heating system, proposed construction of a 143-unit condominium apartment building.

Scope:   187,000 square feet; 143 units

For info on 144 Park, other condos under construction, development land,  or for more information about the commercial real estate market in Waterloo Region, contact me today at Benjamin@BenjaminBach.com or call me at 519.772.4376.

KW Commercial is your one stop shop for commercial, investment, retail and multi family advice and brokerage in Waterloo Region.

For more real estate investment articles, please visit the Kitchener Waterloo Real Estate Investment blog.

Free Workshop on Investing in Kitchener Waterloo Real Estate

As I just mentioned over at my Real Estate Investing blog, I’m happy to announce that I am opening registration of my upcoming Millionaire Real Estate Investment workshop to the general public. There are only 20 spots, and a little under half of the seats are spoken for already (translation: ACT NOW, SEATS GOING FAST).

If you’ve ever wondered about how you can get started investing in real estate, or wanted to know the best practices of Millionaire Real Estate Investors, you need to register for the workshop.

I will be talking about what you need to do to start your portfolio, the professionals you’ll need to grow your investments, as well as some specific opportunities in the Kitchener Waterloo region.

Anyone can do it, not everyone will.

WHEN: Thursday January 10th, 7:00-8:30pm

WHERE: Keller Williams offices, 871 Victoria Street North, Kitchener Ontario. You can email me for directions.

You must register to attend, and there is no cost for registration. You can register by calling me at 519 570 4447 or emailing me at Benjamin(AT)BenjaminBach.com

A $5 charge at the door will apply, but the workshop is free with registration.

See what others are saying about building wealth through real estate investing:

“Benjamin is an expert in the field of investment real estate. He is highly knowledgeable and a great speaker on this topic. He does an excellent job going through the process one on one and has worked very patiently with me. It doesn’t take long before you realize that he truly works hard to help make other people wealthy and successful…stays true to his life mantra. I strongly recommend Benjamin if you’re looking for person to help you build your wealth!”

Every time I hold a workshop, I help someone change the way they think about building and accumulating wealth. I’d love to help educate you on how you can become a millionaire and retire rich. Call or email me today and register for the workshop.

Benjamin Bach Cartoon

Kitchener Waterloo’s Favourite Real Estate Agent (Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 – 2008) wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario and Canada, helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying or selling a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447