ON
Kitchener
N2H4V9
416 LANCASTER W Street
416 LANCASTER W Street, Kitchener, ON N2H4V9
Share Listing
Listing Type
Multi Family
Listing Status
active
6
$4,445,000

Home Details for 416 LANCASTER W Street

Price
$4,445,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Attached
Days on site
45
Listing #
40758467
Property 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. (id:31684)

Property Features
  • Heating Information
    • Baseboard
    • Electric
    • Natural Gas
  • Cooling Information
    • None
  • Parking
    • Attached
Listing Courtesy: Real Broker Ontario Ltd.
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from Canadian Real Estate Association.
EXIT OTTAWA VALLEY REALTY, BROKERAGE
1219 Pembroke Street East, Pembroke, ON K8A 7R8
Stephanie Boulay
License #: 5019975
Sales Representative
Office
613-629-3948
Agent
343 961 7910
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