611 LANCASTER West Street, Kitchener, Ontario N2K1M5

  • $999,900
611 LANCASTER West Street, Kitchener, Ontario N2K1M5
For Sale
611 LANCASTER West Street, Kitchener, Ontario N2K1M5
  • $999,900

Overview

Property ID: 2700773
  • Multi-family
  • Property Type
  • 7
  • Bedrooms
  • 5
  • Bathrooms
  • 5
  • Garages
  • 3491.63
  • 1949
  • Year Built

Description

Stable Income & Growth Potential in Kitchener. This 5-plex in a desirable Kitchener area offers a compelling opportunity for investors seeking a stable income stream with excellent growth potential. The property boasts a healthy 4.5% cap rate and enjoys easy access to highways 85 and 7, allowing tenants convenient commutes around the region and to Guelph. Nearby amenities, parks, schools, and shopping centres further enhance the property’s appeal. Adding to its attractiveness, the property backs onto peaceful Creekside land feeding the Grand River, providing a tranquil escape for tenants, helping to boost occupancy and rental potential. The unit mix itself offers two spacious 2-bedroom units, and three functional 1-bedroom units perfect for singles or couples. This 5-plex boasts a well-connected location, a serene setting, and a diversified unit mix, creating a strong foundation for a successful investment. Learn more about the property’s income potential and schedule your tour. (id:56724)

Details

Updated on June 1, 2024 at 11:42 am
  • Property ID: 2700773
  • Price: $999,900
  • Property Size: 3491.63
  • Bedrooms: 7
  • Bathrooms: 5
  • Garages: 5
  • Year Built: 1949
  • Property Type: Multi-family
  • Property Status: For Sale
  • MLS#: 40579509
  • MLS Status: Active

Additional details

  • Sewer: Municipal sewage system
  • Cooling: None
  • Heating: Forced air,Natural gas
  • Stories: 2
  • Basement: Finished,Full
  • Directions: Bridge Street to Lancaster Street West
  • Lot Features: Crushed stone driveway
  • Water Source: Municipal water
  • Parking Total: 5
  • Common Interest: Freehold
  • Tax Annual Amount: 4666.41
  • Security Features: Alarm system
  • Foundation Details: Poured Concrete
  • Zoning Description: C4
  • Number Of Units Total: 5
  • Address 611 LANCASTER Street W
  • City Kitchener
  • Province Ontario
  • Postal Code N2K1M5
  • Area 114 - Uptown Waterloo/North Ward
  • Country Canada

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