18,000 ft2
None
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
|
40758467 |
|
Property Type
|
Multi-family |
|
Amenities Near By
|
Hospital, Park, Schools |
|
Features
|
Laundry- Coin Operated |
|
Parking Space Total
|
13 |
Building
|
Appliances
|
Water Softener |
|
Basement Development
|
Partially Finished |
|
Basement Type
|
Full (partially Finished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick |
|
Heating Fuel
|
Electric, Natural Gas |
|
Heating Type
|
Baseboard Heaters |
|
Stories Total
|
4 |
|
Size Interior
|
18,000 Ft2 |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Access Type
|
Road Access, Highway Access |
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Park, Schools |
|
Sewer
|
Municipal Sewage System |
|
Size Frontage
|
122 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
R2 |
https://www.realtor.ca/real-estate/28705071/416-lancaster-street-w-kitchener
