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MLS® 40758467

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 18000 sqft
Garage Yes
Taxes $45,051
Lot Size 
Approx. Age 
Avg. Price Per Sqft $246
MLS® Number 40758467

Property Address: 416 Lancaster St W, Kitchener, ON, N2H4V9

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

Description

Exceptional 21-unit multi-residential investment property in Kitchener with a current NOI of $243, 341, reflecting a strong 5.48% cap rate on asking price. Suite mix: 1 bachelor, 12 one-bedroom, and 8 two-bedroom apartments, many with updated kitchens and baths. Gas fireplaces in each unit serve as a primary heat source, supplemented by electric baseboard heating. Tenants enjoy on-site parking and proximity to major transportation routes, retail, and amenities. Professional management in place. HST is in addition to the purchase price where applicable. Confidential rent roll and P&L available with executed attached CA.Show Description
MLS® Number40758467
Laundry LevelCoin Operated, Common Area
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementFull, Partially Finished
DrivewayAttached Garage
Garage Spaces3
Heat
A/C
Heating Fuel

Extras

Hot Water Tank Owned, All Existing Fridges, Stoves, Light Fixtures, And Any Owned Hot Water Heaters/Mechanical Equipment, All In As-Is Condition.

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

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