611 LANCASTER Street W, Kitchener, Ontario
$949,900
- 7 Beds
- 5 Baths
- 3,492 Square Feet
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:23309)
- Listing ID: 40579509
- Property Type: Multi-family
- Year Built: 1949
Schedule a Tour
Schedule Private Tour
Hanan Tarhini would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Hanan Tarhini, who specializes in Kitchener real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Hanan Tarhini find a property to match your lifestyle.
![MLS®](https://web.royallepagewebsites.com/assets/img/trademarks.png)
Listing provided by DEWAR REALTY INC., BROKERAGE
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
![REALTOR®](https://web.royallepagewebsites.com/assets/img/realtor.png)
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 611 LANCASTER Street W in Kitchener Ontario, was last modified on May 17th, 2024. Contact Hanan Tarhini to schedule a viewing or to find other properties for sale in Kitchener.