416 Lancaster Street W, Kitchener ON N2H 4V9
416 Lancaster St W, Kitchener, ON N2H 4V9, Canada
416 Lancaster St W, Kitchener, ON N2H 4V9, CanadaBasics
- Date added: Added 1 week ago
- Category: Multi Family
- Type: Residential Income
- Status: Active
- Bedrooms: 0
- Area: 18000 sq ft
- Lot size: 122 x sq ft
- ListOfficeName: Real Broker Ontario Ltd.
- GarageSpaces: 3
- ListAOR: Hamilton - Burlington
- MLS ID: 40758467
Description
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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.
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Location
- Directions: Off highway 7, Lancaster Street W & Union St
- CountyOrParish: Waterloo
Building Details
- ParkingTotal: 13
- NewConstructionYN: No
- Heating: Baseboard, Electric, Fireplace(s), Natural Gas
- Basement: Full, Partially finished
- Exterior material: Brick
- Roof: Flat
- Parking: 13, Attached Garage
Amenities & Features
- Features:
- Amenities:
- Waterfront available: No
- GarageYN: Yes
- AttachedGarageYN: Yes
- CoolingYN: No
- Cooling: None
- PoolPrivateYN: No
- FireplaceYN: Yes