416 Lancaster St W, Kitchener, ON N2H 4V9, Canada
416 Lancaster St W, Kitchener, ON N2H 4V9, CanadaBasics
- Date added: Added 2 months ago
- Category: Residential Income
- Type: Multi Family
- Status: Active
- Bedrooms: 0
- Bathrooms: 0
- Area: 18000 sq ft
- County Or Parish: Waterloo
- MLS ID: 40758467
Description
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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.
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Location
- Parking Total: 13
- Directions: Off highway 7, Lancaster Street W & Union St
Building Details
- Number Of Units Total: 0
- Building Area Total: 18000 sq ft
- Number Of Buildings: 0
- Parking Features: Attached Garage
- Covered Spaces: 3
- Construction Materials: Brick
- Garage Spaces: 3
- Roof: Flat
Amenities & Features
- Water Source: Municipal
- Appliances: Water Softener, Hot Water Tank Owned
- Sewer: Sewer (Municipal)
- Cooling: None
- Attached Garage Yes/ No: 1
- Interior Features: Built-In Appliances, Separate Heating Controls, Separate Hydro Meters
- Heating: Baseboard, Electric, Fireplace(s), Natural Gas