901 Victoria St N Kitchener, ON

416 Lancaster Street W, Kitchener, Ontario N2H 4V9 (28711356)

416 Lancaster Street W Kitchener, Ontario N2H 4V9

18,000 ft2
Baseboard Heaters

$4,445,000

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:50976)

Property Details

MLS® Number X12334256
Property Type Multi-family

Building

Appliances Water Heater
Heating Type Baseboard Heaters
Size Interior 18,000 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Frontage 122 Ft
Size Irregular 122 Ft
Size Total Text 122 Ft
Zoning Description R2

https://www.realtor.ca/real-estate/28711356/416-lancaster-street-w-kitchener

Contact Us

Contact us for more information

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Jeff Margolis
Salesperson

(416) 670-5998
www.jeffmargolis.ca/
Real Broker Ontario Ltd.
130 King St West #1900d
Toronto, Ontario M5X 1E3

(888) 311-1172
(888) 311-1172
www.joinreal.com/

Ilan Friedner
Salesperson

(888) 311-1172
Real Broker Ontario Ltd.
130 King St West #1900d
Toronto, Ontario M5X 1E3

(888) 311-1172
(888) 311-1172
www.joinreal.com/

Elton Demirxhiu
Salesperson

(888) 311-1172
Real Broker Ontario Ltd.
130 King St West #1900d
Toronto, Ontario M5X 1E3

(888) 311-1172
(888) 311-1172
www.joinreal.com/

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August 08 2025 10:00:17

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Contact

Toll Free: 800-817-3018
Phone: 519-746-5136
Fax: 877-460-3859

Email

sold@cindycody.ca

Address

Re/Max Twin City Realty Inc.
901 Victoria St N
Kitchener, ON

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.