416 LANCASTER Street W new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2H4V9
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $246
Subdivision 114 - Uptown Waterloo/North Ward
MLS Listing ID 40758467
Property Sub-Type Freehold
Source Cornerstone - Hamilton-Burlington
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,,
Cooling None
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 13
Private Pool No
Building
Story 4
Sewer Municipal sewage system
Others
Ownership Freehold