Welcome to 77 Lancaster St. W., an exceptional 7-plex nestled in the heart of Kitchener. This well-maintained property perfectly combines modern living with outstanding investment potential. Situated in a prime location, it offers easy access to schools, parks, shopping centers, and major transportation routes, making it highly desirable for both tenants and investors alike. The property features a versatile mix of five one-bedroom units and two studio apartments, catering to a wide range of rental needs. Notably, five of the seven units have been extensively renovated and are at market rent, providing a unique opportunity for immediate rental income. The property's turnkey nature, coupled with ample on-site parking and inviting outdoor spaces such as balconies and patios, ensures a comfortable living experience for residents and a hassle-free investment for owners. Whether your seeking long-term tenants or exploring the potential for short-term Airbnb rentals, 77 Lancaster St. W. is a sound and flexible investment opportunity. Dont miss out on this must-see property. Schedule your private viewing today and discover the endless possibilities that await you. |
Price | $1,650,000 |
Taxes: | $6569.00 |
Tax Type: | Annual |
Assessment: | $542000 |
Assessment Year: | 2023 |
Occupancy by: | Tenant |
Address: | 77 Lancaster St West , Kitchener, N2H 4T3, Ontario |
Postal Code: | N2H 4T3 |
Province/State: | Ontario |
Lot Size: | 53.57 x 160.64 (Feet) |
Directions/Cross Streets: | Lancaster and Wellington |
Category: | Apartment |
Use: | Apts-6 To 12 Units |
Building Percentage: | Y |
Total Area: | 3513.00 |
Total Area Code: | Sq Ft |
Approximatly Age: | 31-50 |
Financial Statement: | Y |
Gross Income/Sales: | $123000 |
Expenses Actual/Estimated: | $Act |
Heat Type: | Baseboard |
Central Air Conditioning: | N |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
DAVENPORT REALTY |
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Type: | Com - Investment |
Area: | Waterloo |
Municipality: | Kitchener |
Lot Size: | 53.57 x 160.64(Feet) |
Approximate Age: | 31-50 |
Tax: | $6,569 |