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81 Kenwood Drive

Kitchener, N2B 3H3

$3,999,900

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Listed 16 days ago · MLS® X13859440

About this home

Opportunities of this calibre rarely come to market. For investors seeking a genuinely turnkey multifamily acquisition with minimal near-term capital exposure, proven stability and long-term positioning in the heart of Kitchener-Waterloo, one of Ontario's most dynamic rental markets-81 Kenwood Drive stands apart. Offered at a compelling 5.6% CAP RATE, 81 Kenwood Drive is an exceptionally well-cared-for 16-unit apartment building where capital has been proactively deployed, nothing has been left to chance and the pride of ownership is evident. The building combines the character and oversized layouts of a 1960s-built asset with the confidence and ease of modern, proactive ownership. The desirable mix of 2x1bd, 8x2bd and 6x3bd suites provides remarkably spacious, open-concept layouts that cannot be economically replicated in most new construction, helping drive strong demand and consistent occupancy. Set on almost half an acre, the property features 28 parking spaces with potential for up to 32-approaching an extraordinary 2:1 ratio. What truly distinguishes this asset is its exceptional condition, including extensively renovated suites, completely rebuilt balconies (2022), new exterior door systems (2025), upgraded common areas with slip-resistant tile and rubber stair treads, modern security with intercom, keyless entry and high-resolution cameras, copper plumbing and electrical throughout, and diligently maintained life-safety systems. Equally impressive is the building's operating history: strong tenant satisfaction, a smoke-free environment and, according to ownership, no rental non-payment, LTB proceedings or tenant disputes throughout their tenure. 81 Kenwood represents a rare combination of scale, stability, quality and long-term upside-a truly dialed-in, institutional-quality multifamily investment in one of Canada's fastest-growing technology and post-secondary markets. No trespassing or access to the property is permitted without prior vendor consent.

Details

Type
Investment
Lot
71.07 × ? ft
Garage
Outside/Surface
Property tax
$41,802 (2025)
Municipality
Kitchener

Heating, cooling and services

Heating
Baseboard
Air conditioning
Partial
Utilities
Yes

Building and exterior

Building area
0 Acres

More

Possession
TBD
Cross street
Belleview Ave & Manchester Rd
Business type
Apts - 13 To 20 Units

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

  • 🚇 Borden LRT1.9 km
  • 🚇 Kitchener Market LRT2.3 km

Within a 10-minute walk: 1 grocery store, 0 cafés and restaurants, 4 parks. Nearest grocery: KW Korean Food Market (400 m). Nearest park: Shantz Park (500 m).

Schools nearby

Elementary

  • Smithson Public School
    EQAO: Gr 6 reading 69%, math 57%    5 min walk
  • St. Daniel Catholic Elementary School Catholic
    EQAO: Gr 6 reading 80%, math 42%    15 min walk
  • St. Anne Catholic Elementary School Catholic
    EQAO: Gr 6 reading 90%, math 45%    17 min walk
  • Canadian Martyrs Catholic Elementary School Catholic
    EQAO: Gr 6 reading 94%, math 80%    1.2 km

Secondary

  • Stanley Park Public School12 min walk
  • École secondaire David Saint-Jacques Catholic · French14 min walk
  • Eastwood Collegiate Institute
    EQAO: Gr 9 math 42%, literacy test 84%    1.6 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2B

Owners / renters
61% / 39%
Median household income
$81,000
Average age
43
Children under 15
15%
Homes
57% detached, 14% high-rise
Commute by transit
3%
Population
16,939

Languages spoken most at home besides English: Serbian 1.7%, Spanish 0.9%, Tigrigna 0.8%, Arabic 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by EXP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.