281 Lorne Ave, Kitchener, ON N2M 3Y9, Canada
281 Lorne Ave, Kitchener, ON N2M 3Y9, CanadaBasics
- Date added: Added 1 month ago
- Category: Residential Income
- Type: Multi-6-9 Unit
- Status: Active
- Bedrooms: 7
- Bathrooms: 6
- Area: 4000 sq ft
- Year built: 1965
- County Or Parish: Waterloo
- MLS ID: 40687222
Description
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Description:
Charming Sixplex Investment Opportunity in Forest Hill, Kitchener
This well-maintained sixplex offers a fantastic income-generating opportunity for investors, located in the desirable Forest Hill neighborhood of Kitchener. The property features five 1-bedroom units and one 2-bedroom unit, making it perfect for singles, couples, or small families.
Recent upgrades have enhanced both the interior and exterior of the property. The front and rear entrances have been updated with new flooring, freshly painted entryways, and a refreshed exterior to boost curb appeal and provide a welcoming experience for tenants. Units 1 and 2 have undergone modern renovations to attract high-quality tenants.
The property is fully equipped with an up-to-date fire alarm and extinguisher system, ensuring safety and compliance with industry standards.
Additional Income Potential:
A unique opportunity exists for the buyer to further increase income by extending the existing building with the addition of a small house or triplex. Buyer to conduct due diligence before proceeding.With stable income, recent improvements, and significant growth potential, this sixplex is a strong investment opportunity for those looking to add value to their portfolio. Don’t miss out—schedule your showing today!
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Location
- Parking Total: 7
- Directions: HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE
Building Details
- Number Of Units Total: 6
- Building Area Total: 4000 sq ft
- Number Of Buildings: 0
- Parking Features: Mutual/Shared
- Security Features: Alarm System, Carbon Monoxide Detector(s)
- Construction Materials: Brick, Vinyl Siding
- Roof: Flat
Amenities & Features
- Water Source: Municipal
- Appliances: Water Softener, Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Cooling: None
- Heating: Baseboard, Natural Gas, Radiant
