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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:44887)
| MLS® Number | X11957929 |
| Property Type | Multi-family |
| Features | Carpet Free |
| ParkingSpaceTotal | 8 |
| Structure | Porch |
| BathroomTotal | 7 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Amenities | Separate Heating Controls |
| Appliances | Dishwasher, Stove, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Other |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 160 Ft |
| SizeFrontage | 53 Ft ,6 In |
| SizeIrregular | 53.57 X 160 Ft |
| SizeTotalText | 53.57 X 160 Ft|under 1/2 Acre |
| ZoningDescription | R6 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Second Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Second Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Second Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Lower Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Lower Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Main Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Main Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Main Level | Bedroom | 3.65 m | 2 m | 3.65 m x 2 m |
| Main Level | Bedroom | 3.65 m | 2.9 m | 3.65 m x 2.9 m |
| Main Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
| Main Level | Bathroom | 2 m | 2 m | 2 m x 2 m |
https://www.realtor.ca/real-estate/27881419/77-lancaster-street-w-kitchener
Contact us for more information
Owen Lennox
Salesperson
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
My goal is to combine knowledge, passion and skills to exceed each client’s expectations, and most of all, to show I genuinely care. Real Estate can change your life, and because of that, I want to create an experience worth talking about.
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