611 LANCASTER Street W Kitchener

611 LANCASTER Street W, Kitchener, Ontario

$999,900

  • 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

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Details

  • Amenities Nearby: Public Transit, Schools
  • Features: Crushed stone driveway
  • Ownership: Freehold
  • Parking Spaces: 5
  • Transaction: For sale
  • Zoning Description: C4

Building

  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Constructed Date: 1949
  • Cooling: None
  • Exterior Finish: Metal
  • Fireplace Present: False
  • Fire Protection: Alarm system
  • Foundation: Poured Concrete
  • Bathrooms (Total): 5
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 3491.63 sqft
  • Stories Total: 2
  • Utility Water: Municipal water

Land

  • Access Type: Highway access
  • Amenities: Public Transit, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 50 ft
MLS®

Listing provided by DEWAR REALTY INC., BROKERAGE
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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.

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