Property Information:

Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitchener's thriving rental market. The property includes two spacious 2-bedroom/1-bath units and two comfortable 1-bedroom/1-bath units within a peaceful, non-smoking building. Current tenants are respectful working professionals, creating an ideal environment for mature renters seeking calm and comfort. Conveniently located just a one-minute walk to the Mill Street LRT station, and with bus routes close at hand, the property provides excellent connectivity to Uptown Waterloo, Downtown Kitchener, and surrounding areas. Tenants also benefit from two separate driveways with parking for seven vehicles, on-site coin-operated laundry, and a large shared yard with plenty of green space. With its prime location, strong tenant base, generous parking, and immediate upside potential, this property is a rare turnkey investment opportunity in one of Kitchener's most desirable areas. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Air Conditioning: Yes
Amenities:
Basement Development: Finished
Basement Type: N/A, N/A
Exterior Finish:
Fireplace: Yes
Floor Space: 2000 - 2500 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Window air conditioner
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4+2
Bathrooms: 4
Amenities Nearby: Schools, Public Transit
Community Features: Community Centre
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 101.2 Feet
Lot Frontage: 75.5 Feet
Lot Size: 75.5 x 101.2 FT
Sewer: Sanitary sewer
Parking Type: Carport, No Garage
No. of Parking Spaces: 7

Courtesy of: CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

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Demographic Information of 56 LILAC STREET, Waterloo, Ontario, N2G 3A8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$93,533.93

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.01 %

High school certificate or equivalent

29.79 %

Apprenticeship trade certificate/diploma

5.3 %

College/non-university certificate

23.22 %

University certificate (below bachelor)

1.8 %

University Degree

22.87 %

Commuter

Travel To Work

By Car

89.67 %

By Public Transit

4.91 %

By Walking

3.37 %

By Bicycle

0.01 %

By Other Methods

2.04 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.04 %

Houses

66.96 %

56 LILAC STREET, Waterloo, Ontario, N2G 3A8