611 LANCASTER Street W (40579509)

Listing ID: 40579509

$949,900

DEWAR REALTY INC., BROKERAGE

**611 LANCASTER Street W, Kitchener, Ontario, N2K1M5**
Bathrooms5	Bedrooms7
Property TypeMulti-family	Built in1949
Building Area3491.63

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. (id:33575)

**Details**
Amenities NearbyPublic Transit, Schools	FeaturesCrushed stone driveway
OwnershipFreehold	Parking Spaces5
TransactionFor sale	Zoning DescriptionC4

**Building**
Basement DevelopmentFinished	BasementFull (Finished)
Constructed Date1949	CoolingNone
Exterior FinishMetal	Fire ProtectionAlarm system
FoundationPoured Concrete	Bathrooms (Total)5
Heating FuelNatural gas	HeatingForced air
Size Interior3491.63 sqft	Storeys Total2
Utility WaterMunicipal water