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611 Lancaster St W

Lancaster St W, Bridgeport West, Kitchener, ON, N2K 1M5

7
Beds
5
Baths
3,491
Sq. Ft.
$849,900
List Price
Details
Photos
14
Comparables
History
611 Lancaster St W, Kitchener, ON - 1 of 3
611 Lancaster St W, Kitchener, ON - 2 of 3
611 Lancaster St W, Kitchener, ON - 3 of 3
220 days on market

Quick Summary

  • Stable income-generating 5-plex property
  • Solid 5% capitalization rate on $61,000 NOI
  • Rare investment opportunity in sought-after area
  • Potential for equity growth through upgrades
  • Convenient access to major highways and roads
  • Diverse unit mix caters to varied tenant profiles
  • Attractive blend of current cash flow and appreciation
  • Competitive investment opportunity with upside

Unlock the Potential in Kitchener! This multi-unit property presents an exceptional opportunity for value-add investors seeking their next project. With two vacant units offering flexibility right out of the gate, you have the chance to set the tone for this building’s future. Located in a central area with easy access to major routes and... Show More

Unlock the Potential in Kitchener! This multi-unit property presents an exceptional opportunity for value-add investors seeking their next project. With two vacant units offering flexibility right out of the gate, you have the chance to set the tone for this building’s future. Located in a central area with easy access to major routes and amenities, this building caters to a range of tenants, ensuring long-term rental demand. For investors with a vision, the possibilities are endless—from modernizing units to enhancing curb appeal or even exploring structural expansion, this building is ready for your expertise. If you’re ready to take on a project that offers both challenges and rewards, this is your chance. Bring your ideas, your vision, and your expertise—this property is waiting for you to make an offer. Schedule a tour today and start planning your next steps! (id:54626)

Property Details

Size

3,491 sq. ft.
across 2 floors
7 Beds
5 Baths
5 Full

Parking

5 Parking Spaces
-

Lot

Size
600′0″ * 1680′0″
Acres
-

Build

Year Built
1949
Model Name
-
Basement
Finished
Exterior
Metal
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40579509
Last Updated
December 8, 2024
Brokerage
DEWAR REALTY INC., BROKERAGE
Powered by: REALTOR.ca
Call us 800-591-0566

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