Kitchener, ON N2K1M5,611 LANCASTER Street W
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Kitchener, ON N2K1M5,611 LANCASTER Street W
Kitchener, ON N2K1M5,611 LANCASTER Street W
Kitchener, ON N2K1M5,611 LANCASTER Street W
Kitchener, ON N2K1M5,611 LANCASTER Street W
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611 LANCASTER Street W Kitchener, ON N2K1M5

7 Beds

5 Baths

3,491 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 3,491 sqft

Price per Sqft $243

Subdivision 114 - Uptown Waterloo/North Ward

MLS® Listing ID 40579509

Bedrooms 7

Originating Board Cornerstone - Waterloo Region

Year Built 1949

Property Description

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:24570)

Location

Province ON

Interior

Heating Forced air,

Cooling None

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold


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Listed by DEWAR REALTY INC., BROKERAGE

AJ Hazzi

Broker | License ID: 1390206

+1(250) 717-3133

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611 LANCASTER Street W