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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.
$999,900
List Price
Details
Photos
19
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
39 days on market

Quick Summary

  • Stable income-generating 5-plex property
  • Excellent growth potential in desirable area
  • Convenient access to major highways 85 and 7
  • Nearby amenities, parks, schools, and shopping
  • Peaceful Creekside setting with Grand River views
  • Diversified unit mix of 2-bedroom and 1-bedroom

Stable Income & Growth Potential in Kitchener. This 5-plex in a desirable Kitchener area offers a compelling opportunity for investors seeking a stable income stream with excellent growth potential. The property boasts a healthy 4.5% cap rate and enjoys easy access to highways 85 and 7, allowing tenants convenient commutes around the... Show More

Stable Income & Growth Potential in Kitchener. This 5-plex in a desirable Kitchener area offers a compelling opportunity for investors seeking a stable income stream with excellent growth potential. The property boasts a healthy 4.5% cap rate and enjoys easy access to highways 85 and 7, allowing tenants convenient commutes around the region and to Guelph. Nearby amenities, parks, schools, and shopping centres further enhance the property's appeal. Adding to its attractiveness, the property backs onto peaceful Creekside land feeding the Grand River, providing a tranquil escape for tenants, helping to boost occupancy and rental potential. The unit mix itself offers two spacious 2-bedroom units, and three functional 1-bedroom units perfect for singles or couples. This 5-plex boasts a well-connected location, a serene setting, and a diversified unit mix, creating a strong foundation for a successful investment. Learn more about the property's income potential and schedule your tour. (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
June 18, 2024
Brokerage
DEWAR REALTY INC., BROKERAGE
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Call us 800-591-0566

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