ON > Kitchener
Kitchener, ON N2H 4V9,416 Lancaster Street W
Kitchener, ON N2H 4V9,416 Lancaster Street W
Kitchener, ON N2H 4V9,416 Lancaster Street W
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Listed by Jeff Margolis • Real Broker Ontario Ltd.
$4,445,000
Est. payment /mo
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18,000 SqFt
Active

416 Lancaster Street W Kitchener, ON N2H 4V9

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Gaby Leveille

Gaby Leveille

+1(905) 902-2284

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $246

MLS Listing ID 40758467

Abv Grd Liv Area 18,000

Annual Tax Amount $45,051

Property Sub-Type Multi Family

Source Cornerstone

Property Description

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.

Location

Province ON

County Waterloo

Area 1 - Waterloo East

Zoning R2

Direction Off highway 7, Lancaster Street W & Union St

Rooms

Basement Full, Partially Finished

Kitchen 0

Interior

Interior Features Built-In Appliances, Separate Heating Controls, Separate Hydro Meters

Heating Baseboard, Electric, Fireplace(s), Natural Gas

Cooling None

Fireplace Yes

Appliance Water Softener, Hot Water Tank Owned

Laundry Coin Operated, Common Area

Exterior

Parking Features Attached Garage

Garage Spaces 3.0

Roof Type Flat

Lot Frontage 122.0

Garage Yes

Building

Lot Description Pie Shaped Lot, Highway Access, Hospital, Park, Schools

Faces Off highway 7, Lancaster Street W & Union St

Story 4

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 223030187

Ownership Freehold/None

Virtual Tour https://youtu.be/xsRZDvuy9KQ

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Gaby Leveille

Gaby Leveille

Broker | License ID: 4740099

+1(905) 902-2284

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416 Lancaster Street W