John DiRenzo, Sales Representative • Phone: 519-857-3490 • RE/MAX Centre City John DiRenzo Team Brokerage

611 Lancaster Street, Kitchener, ON, N2K 1M5 | MLS 40579509: For Sale

Kitchener Real Estate Listings - (More Available) | Kitchener Real Estate Listings - (More Listings) | Kitchener Real Estate - (More Homes) | Kitchener Real Estate - (More Condos)
611 Lancaster Street W, Kitchener


MLS® ID 40579509

$949,900.00 For Sale | Residential Income

Type: Residential Income 
Property Type: Multi-5 Unit
MLS® District: 1 - Waterloo East / 114 - Uptown Waterloo/North Ward
County: Waterloo
Postal Code: N2K 1M5
Year Built: 1949
New Construction Y/N:  No
Stories Total: 2
Bedrooms Total:  7
Number Of Units Total:  5

Cross Street: Lancaster/Bridge
Directions: Bridge Street to Lancaster Street West
Interior Features: Separate Hydro Meters
Appliances:  Refrigerator,Stove
Inclusions:  Other,5 Refrigerators, 5 Stoves
Exclusions:  Tenant Belongings & Shed-Belongs To Tenant
Lot Depth:  139.64
Lot Size: 139.64 x 50.06 50.06  Fronting: West
Lot Features:  Rectangular,Highway Access,Public Transit,Schools
Acres Range:  < 0.5

Elementary School:  St. Teresa, Bridgeport P.S & Margaret Avenue P.S
High School:  St. David C.S.S & Bluevale C.I
Parking Features:  Gravel,Other
Driveway Parking:  Front Yard Parking
Garage Spaces:  0
Parking Total:  5
Covered Spaces:  0
Open Parking Y/N:  true
Open Parking Spaces:  5

Building Area Total Aprx.:  3491.63 Square Feet
Finished SqFt Aprx. (Above Grade):  1819.89 Square Feet
Finished SqFt Aprx. (Below Grade):  1671.74 Square Feet
Laundry Features:  None
Exterior: Metal/Steel Siding
Roof:  Flat
Basement:  Full,Finished
Security Features:  Alarm System,Carbon Monoxide Detector(s)
Sewer:  Sewer (Municipal)
Water:  Municipal
Heating:  Forced Air,Natural Gas
Heating Expenses:  763.7
Cooling:  None
Fireplace Y/N:  false
Crops Included Y/N:  No
Electric Expense:  4589.4
Net Income:  44355.77
WaterFront Y/N:  No
Foundation Details:  Poured Concrete
Insurance Expense:  3181.88
Administrative Fee:  0
Expenses:  Actual

Remarks: Stable Income & Growth Potential in Kitchener.This 5-plex in a desirable Kitchener area offers a compelling opportunity for investors seeking a stable income stream with excellent growth potential. The property boasts a healthy 4.5% cap rate and enjoys easy access to highways 85 and 7, allowing tenants convenient commutes around the region and to Guelph. Nearby amenities, parks, schools, and shopping centres further enhance the property's appeal.Adding to its attractiveness, the property backs onto peaceful Creekside land feeding the Grand River, providing a tranquil escape for tenants, helping to boost occupancy and rental potential. The unit mix itself offers two spacious 2-bedroom units, and three functional 1-bedroom units perfect for singles or couples. This 5-plex boasts a well-connected location, a serene setting, and a diversified unit mix, creating a strong foundation for a successful investment. Learn more about the property's income potential and schedule your tour.

Contact Us!

611 Lancaster Street W, Kitchener ON N2K 1M5 | MLS ID® 40579509
For More Information or Schedule a Showing, send John a Message or Call 519-857-3490
John DiRenzo, Sales Representative | RE/MAX Centre City John DiRenzo Team Brokerage

Please Note: We do not distribute your personal information to 3rd parties.

For Sale In The Area | 611 Lancaster Street Kitchener | MLS® ID 40579509

26 Bridge Street West STREET
26 Bridge Street West Street
MLS® ID 40566532

Large building lot on the east side in the City of Kitchener with 66 ft. frontage. This property is Zoned RES-2.RES-2 zoning permits Single Detached home, Semi-detached, Duplex or converted dwellings. Services are available at the street. Close proximity to parks, schools and shopping...  26 Bridge Street West Street..

Brokered by: Stronghold Real Estate Inc., Brokerage

15 Woolwich STREET
15 Woolwich Street
MLS® ID 40592002

Welcome to a private, secluded Mancave at 15 Woolwich that is nestled on a beautiful private treed lot surrounded by trees in the middle of the city with easy access to grand river, shops, restaurants, area highways, and all other amenities! This private property that runs from the side yard of Bridgeport Public school to Woolwich street across from the old mill but the driveway access runs up on the right side of 19 Woolwich which offers you a very private location. The wheelchair accessible bungalow has wide hallways, 4 Bedrooms, 1.5 bath, office, tikki bar and best of all a large heated sh..  15 Woolwich Street..

Brokered by: Re/Max Real Estate Centre Inc.

3-54 Bridge STREET
3-54 Bridge Street
MLS® ID 40587338

Welcome to Your New home! This Spacious 3-Bedroom, 2-Full Bath Condo Townhome is nestled in a convenient location on the vibrant Kitchener-Waterloo border, just steps away from grocery stores, restaurants, parks and schools. 6-Minutes to WLU, 4-Minutes to Waterloo Conestoga & 10-Minutes to UW. Perfect blend of modern living & urban accessibility. 54 Bridge St W. offers you 1,650 Sq. Ft. of living space. Home Welcomes you with granite Kitchen, elegant S/S Appliances & Sleek aesthetics, plus two bedrooms & 1 washroom upstairs, features a family room with large windows & a private access to 300 S.. 3 54 Bridge Street..

Brokered by: Pontis Realty Inc. Brokerage

21 Carisbrook DRIVE
21 Carisbrook Drive
MLS® ID 40571483

ONE OF A KIND!! Peace and tranquility await at this wonderful year-round paradise in the City with 2.19 acres located on a private hillside overlooking the Grand River, yet minutes from everything! This beautifully renovated loft style 1 bedroom (potential for 2 bedroom), 1 bath 1.5-storey home offers; a gourmet chef's kitchen with top of the line appliances including; island cooktop with pot filler and integrated downdraft exhaust, built-in microwave, double wall oven (including a french door oven)! A spacious spa like bathroom with large shower and soaker tub, spacious dining and lounging ar..  21 Carisbrook Drive..

Brokered by: Royal Lepage Wolle Realty