611 Lancaster Street W, Kitchener, Ontario

$949,900

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7

Beds

5

Baths

3,492

Square feet

About 611 Lancaster Street W

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:6289)

Features of 611 Lancaster Street W

Listing # 40579509
Price $949,900
Bedrooms 7
Bathrooms 5.00
Square Footage 3,492
Acres 0.00
Year Built 1949
Type Multi-family
Sub-Type Freehold

Community Information

Address 611 Lancaster Street W
Subdivision 114 - Uptown Waterloo/North Ward
City Kitchener
Province Ontario
Postal Code N2K1M5

Amenities

Amenities Public Transit, Schools
Features Crushed stone driveway
Parking Spaces 5
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Cooling None
Fireplace No
# of Stories 2
Has Basement Yes

Exterior

Exterior Metal
Foundation Poured Concrete

Listing Details

OfficeDEWAR REALTY INC., BROKERAGE

Listing Map

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