611 Lancaster Street W, Kitchener, Ontario N2K 1M5 (26909084)


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611 Lancaster Street W Kitchener, Ontario N2K 1M5

7 Bedroom 5 Bathroom 3491.63 sqft
None Forced Air

$949,900

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. (id:48850)

Property Details

MLS® Number 40579509
Property Type Multi-family
Amenities Near By Public Transit, Schools
Features Crushed Stone Driveway
Parking Space Total 5

Building

Bathroom Total 5
Bedrooms Total 7
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1949
Cooling Type None
Exterior Finish Metal
Fire Protection Alarm System
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 3491.63 Sqft
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 140 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description C4

https://www.realtor.ca/real-estate/26909084/611-lancaster-street-w-kitchener

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