Doon Valley

Canada ICI successfully arranged a conventional first mortgage financing to facilitate the refinance of a 12-unit multi-family rooming and lodging house located in Kitchener, Ontario. Built in 1975, the property features 15 beds across two floors and is situated on a 0.22-acre site in the well-established Doon neighbourhood. The building offers shared kitchens, washrooms, laundry facilities, and a landscaped backyard patio, supporting a functional and community-oriented living environment. The property benefits from proximity to major arterial routes such as Highway 401 and Homer Watson Boulevard, as well as nearby schools, parks, and retail amenities. This financing plays a vital role in preserving much-needed affordable housing in the region, offering safe and stable rental options in a market where affordability remains a growing concern.