$949,900 $5,099 est/mo Sourced by Back At You

611 Lancaster Street W,Kitchener, ON N2K 1M5

Kitchener ON, N2K 1M5

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Description

Stable Income & Growth Potential in Kitchener. This 5-plex in a desirable Kitchener area offers a compelling opportunity for investors seeking a stable income stream with excellent growth potential. The property boasts a healthy 4.5% cap rate and enjoys easy access to highways 85 and 7, allowing tenants convenient commutes around the region and to Guelph. Nearby amenities, parks, schools, and shopping centres further enhance the property's appeal. Adding to its attractiveness, the property backs onto peaceful Creekside land feeding the Grand River, providing a tranquil escape for tenants, helping to boost occupancy and rental potential. The unit mix itself offers two spacious 2-bedroom units, and three functional 1-bedroom units perfect for singles or couples. This 5-plex boasts a well-connected location, a serene setting, and a diversified unit mix, creating a strong foundation for a successful investment. Learn more about the property's income potential and schedule your tour.

Details

MLS#40579509
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1949
Days On Site63
Listing Provided ByDEWAR REALTY INC., BROKERAGE | Greg Dewar

Features

Bed(s)7
Bath(s)5
SQ Feet1,819
BasementY
Story(s)2
Units5
ZoningC4
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
RegionWaterloo
CityKitchener
Postal CodeN2K 1M5
Area1 Waterloo East
Subarea114 Uptown Waterloo | North Ward
Community Name114 Uptown Waterloo/North Ward
School DistrictSt. David C.S.S & Bluevale C.I
Elementary SchoolSt. Teresa, Bridgeport P.S & Mar
Listing VS Median (in 114 Uptown Waterloo/North Ward)
Price:
$949,900
low | high
Med:
$612,500
85.519528371408% of Average
SqFt:
1,819
low | high
Med:
1,038
92.935678944475% of Average
$ / SqFt:
$522
low | high
Med:
$590
36.983844288994% of Average
On Site:
63
low | high
Med:
155.500000
40.514469453376% of Average
Sourced by Back At You
Listing Updated: July 11, 2024 at 11:53:38 AM PDT