611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener
  • 611 LANCASTER Street W Kitchener

611 LANCASTER Street W, Kitchener, Ontario

$849,900

  • 7 Beds
  • 5 Baths
  • 3,492 Square Feet

Stable Income & Growth Potential in Kitchener. Make an offer on this well-priced 5-plex, currently generating $61,000 annually with a solid 5% cap rate, presents a rare opportunity for investors looking for more than just a standard duplex or triplex. Located in a highly sought-after area of Kitchener, this property offers both stable income and the potential for substantial equity growth through strategic upgrades, rental increases, and possibly adding another storey. With convenient access to Hwy 7, Bridgeport Rd, and University Ave, this property ensures easy commutes for tenants, reducing vacancy concerns and enhancing long-term rental demand. The unit mix, featuring two 2-bedroom units and three 1-bedroom units, caters to a variety of tenant profiles, increasing flexibility and occupancy potential. For savvy investors, this property presents an attractive blend of current cash flow and future appreciation, making it a competitive investment with more upside than other multi-unit properties that are currently available. Schedule a tour today and explore the possibilities of turning this 5-plex into a high-performing asset in your portfolio. (id:56241)

  • 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 for sale is located at 611 LANCASTER Street W in Kitchener Ontario. It was last modified on November 15th, 2024. Contact us to schedule a viewing or to discover other Kitchener real estate for sale.

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