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$ 1,650,000
Est. payment /mo
Active
77 LANCASTER STREET W Kitchener, ON N2H4T3
7 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID X11957929
Bedrooms 7
Originating Board OnePoint Association of REALTORS®
Property Description
An excellent opportunity to own a well-maintained 7-unit multi-residential property in the heart of Kitchener! Generating a gross annual income of $123,000, this investment offers strong cash flow with upside potential. The building consists of five one-bedroom units and two studio apartments, with five of the seven units already renovated, providing modern finishes and updated interiors. Well cared for over the years, this property is ideal for investors seeking a low-maintenance addition to their portfolio. Located in a high-demand rental area, the property is close to public transit, downtown Kitchener, parks, schools, and everyday amenities, making it an attractive option for tenants. With a solid rental history and potential for further value-add through renovations or additional storage, this is a turnkey investment with excellent long-term appreciation potential. With Kitcheners thriving rental market and strong demand for multi-family properties, this is a fantastic investment opportunity. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Extra Room 1 Second level 2 m X 2 m Bathroom
Extra Room 2 Second level 3.65 m X 2.9 m Bedroom
Extra Room 3 Second level 3.65 m X 2.9 m Bedroom
Extra Room 4 Second level 2 m X 2 m Bathroom
Extra Room 5 Lower level 3.65 m X 2.9 m Bedroom
Extra Room 6 Lower level 2 m X 2 m Bathroom
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
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Listed by Keller Williams Home Group Realty