An excellent opportunity to own a well-maintained 7-unit multi-residential property in the heart of Kitchener! Generating a gross annual income of $123,000, this investment offers strong cash flow with upside potential. The building consists of five one-bedroom units and two studio apartments, with five of the seven units already renovated, providing modern finishes and updated interiors. Well cared for over the years, this property is ideal for investors seeking a low-maintenance addition to their portfolio. Located in a high-demand rental area, the property is close to public transit, downtown Kitchener, parks, schools, and everyday amenities, making it an attractive option for tenants. With a solid rental history and potential for further value-add through renovations or additional storage, this is a turnkey investment with excellent long-term appreciation potential. With Kitcheners thriving rental market and strong demand for multi-family properties, this is a fantastic investment opportunity. (id:4069)
Address
77 LANCASTER STREET W
List Price
$1,650,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Kitchener
Bedrooms
7
Bathrooms
7
Lot Size
53.57 x 160 FT Sq. Ft.
MLS® Number
X11957929
Listing Brokerage
Keller Williams Home Group Realty
Basement Area
Full (Unfinished)
Postal Code
N2H4T3
Zoning
R6
Features
Carpet Free
Amenities
Separate Heating Controls
