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$ 949,900
Est. payment /mo
New
56 LILAC Street Kitchener, ON N2G3A8
6 Beds
4 Baths
3,850 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,850 sqft
Price per Sqft $246
Subdivision 311 - Downtown/Rockway/S. Ward
MLS® Listing ID 40764614
Bedrooms 6
Year Built 1950
Property Sub-Type Freehold
Source Cornerstone Association of Realtors
Property Description
Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitchener's thriving rental market. The property includes two spacious 2-bedroom/1-bath units and two comfortable 1-bedroom/1-bath units within a peaceful, non-smoking building. Current tenants are respectful working professionals, creating an ideal environment for mature renters seeking calm and comfort. The basement unit is currently vacant, giving the new owner the opportunity to set market rent and maximize income potential right away. Conveniently located just a one-minute walk to the Mill Street LRT station, and with bus routes close at hand, the property provides excellent connectivity to Uptown Waterloo, Downtown Kitchener, and surrounding areas. Tenants also benefit from two separate driveways with parking for seven vehicles, on-site coin-operated laundry, and a large shared yard with plenty of green space. With its prime location, strong tenant base, generous parking, and immediate upside potential, this property is a rare turnkey investment opportunity in one of Kitchener's most desirable areas. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air
Cooling None
Exterior
Parking Features Yes
Community Features Community Centre
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Chestnut Park Realty Southwestern Ontario Limited