$1,650,000 FOR SALE

Investment

Lot: 53.57 x 160.64 ftTotal Area: 3,513 ft2
2023 Taxes: $6,569

77 Lancaster St W
Kitchener, ON N2H 4T3 | Waterloo

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.

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Listed By DAVENPORT REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8412156
Last Updated Aug 29, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 223220038
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $6,569
Tax Type Annual
Assessment (2023) $542,000
Directions/Cross Streets Lancaster and Wellington
Area Waterloo
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 53.57 x 160.64 ft
Lot Irregularities 130.60 ft x 19.53 ft x 34.91 ft x 55.49
Total Area 3,513 ft2
Approximate Age 31-50
Air Conditioning N
Basement Y
Garage Type Outside/Surface
Parking Spaces 8
Heat Type Baseboard
Financial Statement Y
Gross Income/Sales $123,000
Expenses Actual/Estimated Act
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Building
Zoning R-6
Seller Property Info Statement N

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