611 LANCASTER Street W, Kitchener

2024-05-17
 

Quick Summary

Location
611 LANCASTER Street W, Kitchener, Ontario N2K1M5
Price
$899,900 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
3491ft2
Bedrooms:
7
Bathrooms:
5
Year of Construction:
1949
Brochure Link:

MLS®#40579509

Property Description

Stable Income & Growth Potential in Kitchener. Make an offer on this well-priced 5-plex, currently generating $61,000 annually with a solid 5% cap rate, presents a rare opportunity for investors looking for more than just a standard duplex or triplex. Located in a highly sought-after area of Kitchener, this property offers both stable income and the potential for substantial equity growth through strategic upgrades, rental increases, and possibly adding another storey. With convenient access to Hwy 7, Bridgeport Rd, and University Ave, this property ensures easy commutes for tenants, reducing vacancy concerns and enhancing long-term rental demand. The unit mix, featuring two 2-bedroom units and three 1-bedroom units, caters to a variety of tenant profiles, increasing flexibility and occupancy potential. For savvy investors, this property presents an attractive blend of current cash flow and future appreciation, making it a competitive investment with more upside than other multi-unit properties that are currently available. Schedule a tour today and explore the possibilities of turning this 5-plex into a high-performing asset in your portfolio. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Public Transit, Schools

Building

  • Basement Development: Finished
  • Basement Type: Full (Finished)
  • Cooling Type: None
  • Exterior Finish: Metal
  • Fireplace: No
  • Interior Size: 3491.63 sqft
  • Stories: 2
  • Utility Water: Municipal water

Features

  • Feature: Crushed stone driveway

Land

  • Land Size: under 1/2 acre
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Zoning

  • Description: C4

Information entered by DEWAR REALTY INC., BROKERAGE
Listing information last updated on: 2024-09-06 18:00:29


Book your free home evaluation with a 1% REALTOR® now!


How much could you save in commission selling with One Percent Realty?

Slide to select your home's price:

$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 5% + HST . Not all agents charge the same.

Send a Message


One Percent Realty's top FAQs

Q
What is the deal exactly, with One Percent?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

Q
What do you charge?

We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.

Q
Are your listings on MLS®, realtor.ca and shared across the web?

Yes, yes, and yes.


Learn more about the One Percent Realty Deal

 

Slavica Zekic Salesperson

Phone:
(519) 722-5055
Email:
slavica@kwforsale.com
Support Area:
Kitchener, Ontario, Waterloo, ontario, Guelph, on, Cambridge, on, Elora, on, New Hamburg, on, Kitchener East, Kitchener West, Waterloo East, Waterloo West, Woolwich and wellesley township, Wilmot townhship, Hespeler, Galt west, Galt east, Galt north, guelph

...

Full Profile

 

Robert E. Lyon SALESPERSON

Phone:
519-938-7109
Email:
robert@onepercentrealty.com
Support Area:
ORANGEVILLE, SHELBURNE, GUELPH, BOLTON, TOTTENHAM, GRAND VALLEY, KITCHENER, WATERLOO, FERGUS, ELORA, MONO, ARTHUR, CALEDON, BRAMPTON, MISSISSAUGA, MULMUR, ALISTON, HILLBURG, MELANCTHON, AMARANTH, ARISS, BURLINGTON, OAKVILLE, MILTON, TORONTO

I am a well experienced, honest, professional FULL-TIME Realtor® who services ORANGEVILLE & SUR ...

Full Profile

 

Norman Savaille Salesperson

Phone:
4168794968
Email:
norm4000@gmail.com
Support Area:
Kitchener, Cambridge, Waterloo, Guelph, Brampton, Mississauga

Over a dozen years licensed as a Sales Representative in Ontario. I have worked with as different ty ...

Full Profile