Listing Details
Subtype: Multiplex
Floors: 2
Beds: 7
Baths: 7
Lot Size: 8,571.2 Sq Ft
Financial Details
Net operating income: $102,997
Percent leased: 100%
Cap rate: 6.24%
Description
Welcome to 77 Lancaster St. W., an exceptional 7-plex nestled in the heart of Kitchener. This well-maintained property perfectly combines modern living with outstanding investment potential. Situated in a prime location, it offers easy access to schools, parks, shopping centers, and major transportation routes, making it highly desirable for both tenants and investors alike. The property features a versatile mix of five one-bedroom units and two studio apartments, catering to a wide range of rental needs. Notably, five of the seven units have been extensively renovated and are at market rent, providing a unique opportunity for immediate rental income. The property's turnkey nature, coupled with ample on-site parking and inviting outdoor spaces such as balconies and patios, ensures a comfortable living experience for residents and a hassle-free investment for owners. Whether youre seeking long-term tenants or exploring the potential for short-term Airbnb rentals, 77 Lancaster St. W. is a sound and flexible investment opportunity. Dont miss out on this must-see property. **No agent. Direct buyers only. For more information contact: Anthony Spano, BComm Salesperson Royal LePage Your Community Realty, Brokerage with Listing Brokerage RE/MAX ICON REALTY, BROKERAGE
Location & nearby
This listing is located in Kitchener, ON N2H 4T3
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