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611 Lancaster St W

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

7
Beds
5
Baths
-
$XXX,XXX
Details
Photos
17
Comparables
History
611 Lancaster St W, Kitchener, ON - 1 of 3
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611 Lancaster St W, Kitchener, ON - 2 of 3
611 Lancaster St W, Kitchener, ON - 3 of 3

Stable Income & Growth Potential in Kitchener. Make an offer on this well-priced 5-plex, currently generating $61,000 annually with a solid 5% cap rate, presents a rare opportunity for investors looking for more than just a standard duplex or triplex. Located in a highly sought-after area of Kitchener, this property offers both stable...

Stable Income & Growth Potential in Kitchener. Make an offer on this well-priced 5-plex, currently generating $61,000 annually with a solid 5% cap rate, presents a rare opportunity for investors looking for more than just a standard duplex or triplex. Located in a highly sought-after area of Kitchener, this property offers both stable income and the potential for substantial equity growth through strategic upgrades, rental increases, and possibly adding another storey. With convenient access to Hwy 7, Bridgeport Rd, and University Ave, this property ensures easy commutes for tenants, reducing vacancy concerns and enhancing long-term rental demand. The unit mix, featuring two 2-bedroom units and three 1-bedroom units, caters to a variety of tenant profiles, increasing flexibility and occupancy potential. For savvy investors, this property presents an attractive blend of current cash flow and future appreciation, making it a competitive investment with more upside than other multi-unit properties that are currently available. Schedule a tour today and explore the possibilities of turning this 5-plex into a high-performing asset in your portfolio.

Property Details

Size

Sq. Ft. Not Available
7 Beds
7 Above Grade
5 Baths

Parking

5 Parking Spaces
-

Lot

Size
50′0″ * 139′7″
Acres
-

Build

Year Built
1926 - 1974
Model Name
-
Basement
Finished
Exterior
Metal/Steel Siding
Foundation
Poured Concrete
Builder Name
-
Stories
-
Flooring
-
Roof
Flat

Heating & Cooling

Heating
Forced Air
Cooling
None

Utilities

Water
-
Sewer
Sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$4,900.39

Source

Listing Brokerage

MLS® Listing
X10407959
Last Updated
February 10, 2025
Brokerage
DEWAR REALTY INC.
Call us 800-591-0566

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