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77 LANCASTER STREET W, Kitchener, Ontario

$1,650,000

7 Beds
7 Baths

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:23309)

Listing ID: X11957929
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Bathroom	Second level	2 m x 2 m
Bedroom	Second level	3.65 m x 2.9 m
Bedroom	Second level	3.65 m x 2.9 m
Bathroom	Second level	2 m x 2 m
Bedroom	Lower level	3.65 m x 2.9 m
Bathroom	Lower level	2 m x 2 m
Bathroom	Main level	2 m x 2 m
Bedroom	Main level	3.65 m x 2.9 m
Bedroom	Main level	3.65 m x 2 m
Bedroom	Main level	3.65 m x 2.9 m
Bathroom	Main level	2 m x 2 m
Bathroom	Main level	2 m x 2 m

Details

Features: Carpet Free
Parking Spaces: 8
Structure: Porch
Transaction: For sale
Zoning Description: R6

Building

Amenities: Separate Heating Controls
Appliances: Dishwasher, Refrigerator, Stove
BasementType: Full (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 7
Exterior Finish: Vinyl siding
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 7
Heating: Forced air
Heating Fuel: Natural gas
Stories Total: 2
Type: Other
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 53 ft ,6 in
Size Irregular: 53.57 x 160 FT

Listing provided by Keller Williams Home Group Realty
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 77 LANCASTER STREET W in Kitchener Ontario. It was last modified on February 5th, 2025. Contact Elma Dajdic to schedule a viewing or to discover other Kitchener real estate for sale.

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