611 Lancaster Street W

Kitchener, ON N2K 1M5 View Map $999,900 Schedule a Tour
Beds7
Baths5
Sq.Ft.1,820
Year1949

Anurag Homes Team

(226) 780-8886

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UPDATED: 611 Lancaster Street W Kitchener, ON N2K 1M5 multi-5 unit for sale, MLS#40579509 -
Status: Active
Property Type:Multi-5 Unit
MLS #:40579509
Sq. Feet:1,820 Total / 3,492 Finished
On Site:30 Days
Region:Waterloo
Stable Income & Growth Potential in Kitchener.
This 5-plex in a desirable Kitchener area offers a compelling opportunity for investors seeking a stable income stream with excellent growth potential. The property boasts a healthy 4.5% cap rate and enjoys easy access to highways 85 and 7, allowing tenants convenient commutes around the region and to Guelph. Nearby amenities, parks, schools, and shopping centres further enhance the property's appeal.
Adding to its attractiveness, the property backs onto peaceful Creekside land feeding the Grand River, providing a tranquil escape for tenants, helping to boost occupancy and rental potential. The unit mix itself offers two spacious 2-bedroom units, and three functional 1-bedroom units perfect for singles or couples. This 5-plex boasts a well-connected location, a serene setting, and a diversified unit mix, creating a strong foundation for a successful investment. Learn more about the property's income potential and schedule your tour.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:611 Lancaster Street W, Kitchener, ON N2K 1M5
Area:1 - Waterloo East
Region:Waterloo
City:Kitchener
Postal Code:N2K 1M5
Neighborhood:114 - Uptown Waterloo/North Ward

School Information

Schools:St. Teresa, Bridgeport P.S & Margaret Avenue P.S
High School:St. David C.S.S & Bluevale C.I

Architecture

Bedrooms: 7
Bathrooms: 5
Year Built:1949
Stories:2
Construction Materials: Metal/Steel Siding
Building Area: 3491.63
Roof: Flat
Foundation: Poured Concrete
Basement: Full, Finished
Attached Garage Yes/No: No
Parking Features: Gravel
Open Parking Spaces: 5
Parking Total: 5

Features / Amenities

Interior Features: Separate Hydro Meters
Appliances: Refrigerator, Stove
Inclusions: 5 Refrigerators, 5 Stoves
Security Features: Alarm System, Carbon Monoxide Detector(s)
Heating: Forced Air, Natural Gas

Square Footage

Finished Sq. Ft.
Above Grade 1820
Below Grade 1672
Total 3492

Property Features

Lot Dimensions:139.64 x 50.06
Lot Features: Rectangular, Highway Access, Public Transit, Schools
Frontage: West
Frontage Length: 50.06
Sewer: Sewer (Municipal)
Water: Municipal
Zoning:C4
Directions:Bridge Street to Lancaster Street West

Tax and Financial Info

Tax Annual Amount: $4,666.41
Electric Expense: $4,589.40
Insurance Expense: $3,181.88

Schools & Parks

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611 Lancaster Street W Kitchener,  ON N2K 1M5
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611 Lancaster Street W Kitchener, ON N2K 1M5
 
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Listing Information Last Updated 6/15/2024
Listing provided courtesy of Dewar Realty Inc., Brokerage.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than RE/MAX Twin City Realty Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.