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CAONKitchenerBridgeport611 Lancaster St W
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611 Lancaster St W, Kitchener, ON

Real Estate

Sold

$X
$849,900

755

MLS® X10407959

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage No
Taxes $4,900
Lot Size 
Approx. Age 
MLS® Number X10407959

Property Address: 611 Lancaster St W, Kitchener, ON, N2K1M5

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberX10407959
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementFinished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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Destination Address
611 Lancaster St W, Kitchener, ON

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