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$ 1,650,000
Est. payment /mo
Active
77 Lancaster ST W Kitchener, ON N2H 4T3
7 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X11957929
Style 2-Storey
Bedrooms 7
Building Age 31-50
Annual Tax Amount $6,898
Tax Year 2024
Property Sub-Type Multiplex
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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement Full, Unfinished
Kitchen 7
Interior
Interior Features Carpet Free, Separate Heating Controls
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Private, Reserved/Assigned
Pool None
Roof Type Asphalt Shingle
Lot Frontage 53.57
Lot Depth 160.0
Total Parking Spaces 8
Building
Foundation Poured Concrete
Others
Virtual Tour https://my.matterport.com/work/?m=NL2gzoDw2h1&back=1
Listed by Keller Williams Home Group Realty