C$165,000

TURNKEY INVESTMENT OPPORTUNITY WITH TENANT IN PLACE! An excellent opportunity for investors looking to add an affordable, low-maintenance property to their portfolio with immediate rental income. This 1-bedroom, 1-bath downtown Kitchener condo is tenanted beginning September 1, 2026, with the purchaser assuming the existing lease and enjoying income from day one. Recent updates include flooring and kitchen cabinetry, while the functional layout offers a bright living area, spacious bedroom, 4-piece bathroom, private balcony, and an owned storage locker for additional convenience. Located in the heart of downtown Kitchener, the property is just steps to the LRT, GO Transit, Kitchener Market, restaurants, cafes, Victoria Park, shopping, and Kitchener's thriving tech corridor. It's also conveniently located near the University of Waterloo Downtown Health Sciences Campus, with direct LRT access to both universities, making this an attractive rental location with broad tenant appeal. The building features secure entry, on-site laundry, a fitness room, and a library/lounge area. Whether you're a seasoned investor or looking to purchase your first investment property, this is an opportunity to acquire an affordable downtown condo with a tenant already in place, eliminating the time and expense of securing one yourself. Some photos have been virtually staged.