77 Lancaster Street W Kitchener, Ontario N2H 4T3
$1,650,000
An excellent opportunity to own a well-maintained 7-unit multi-residential property in the heart of Kitchener! Generating a gross annual income of $123,000, this investment offers strong cash flow with upside potential. The building consists of five one-bedroom units and two studio apartments, with five of the seven units already renovated, providing modern finishes and updated interiors. Well cared for over the years, this property is ideal for investors seeking a low-maintenance addition to their portfolio. Located in a high-demand rental area, the property is close to public transit, downtown Kitchener, parks, schools, and everyday amenities, making it an attractive option for tenants. With a solid rental history and potential for further value-add through renovations or additional storage, this is a turnkey investment with excellent long-term appreciation potential. With Kitcheners thriving rental market and strong demand for multi-family properties, this is a fantastic investment opportunity. (id:50886)
Property Details
| MLS® Number | X11957929 |
| Property Type | Multi-family |
| Features | Carpet Free |
| Parking Space Total | 8 |
| Structure | Porch |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Amenities | Separate Heating Controls |
| Appliances | Dishwasher, Refrigerator, Stove |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 160 Ft |
| Size Frontage | 53 Ft ,6 In |
| Size Irregular | 53.57 X 160 Ft |
| Size Total Text | 53.57 X 160 Ft|under 1/2 Acre |
| Zoning Description | R6 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Second Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Second Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Second Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Lower Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Lower Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Main Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Main Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Main Level | Bedroom | 3.65 m | 2 m | 3.65 m x 2 m |
| Main Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Main Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Main Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
https://www.realtor.ca/real-estate/27881419/77-lancaster-street-w-kitchener
Contact Us
Contact us for more information
Owen Lennox
Salesperson
lennoxrealtygroup.com/
www.facebook.com/LennoxRealtyGroup
5 Edinburgh Road South Unit 1
Guelph, Ontario N1H 5N8
(226) 780-0202
www.homegrouprealty.ca/
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February 05 2025 07:07:57
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