77 LANCASTER STREET W, Kitchener, Ontario, N2H 4T3

$1,650,000

MLS® # X11957929

Investment For Sale In Mt. Hope Huron Park, Kitchener, Ontario

$1,650,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Heating Controls
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Vinyl siding
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Dishwasher, Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 7
  • Bathrooms: 7
  • Features: Carpet Free
  • Irregular: Yes
  • Lot Depth: 160.0 Feet
  • Lot Frontage: 53.5 Feet
  • Lot Size: 53.57 x 160 FT
  • Structure Type: Porch
  • Zoning: R6
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 8

Rooms:

  • Bathroom 2nd Level 2.00 m x 2.00 m
  • Bedroom 2nd Level 3.65 m x 2.90 m
  • Bedroom 2nd Level 3.65 m x 2.90 m
  • Bathroom 2nd Level 2.00 m x 2.00 m
  • Bedroom Lower Level 3.65 m x 2.90 m
  • Bathroom Lower Level 2.00 m x 2.00 m
  • Bathroom Main Level 2.00 m x 2.00 m
  • Bedroom Main Level 3.65 m x 2.90 m
  • Bedroom Main Level 3.65 m x 2.00 m
  • Bedroom Main Level 3.65 m x 2.90 m
  • Bathroom Main Level 2.00 m x 2.00 m
  • Bathroom Main Level 2.00 m x 2.00 m

Courtesy of: Keller Williams Home Group Realty

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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