Address: 416 LANCASTER Street W, Kitchener FOR SALE Subdivision: 114 - Uptown Waterloo/North Ward Postal Code: N2H4V9 Style: Bedrooms: 0 Bathrooms: 0 Parking: Attached Garage Garage: Attached Garage Lot Size: 122 ft x Stories: 4
About 416 Lancaster Street W
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. (id:56071). Get more information on 416 Lancaster Street W
Property Features
Appliances: Water softener Features: Laundry- Coin operated Rental Equipment: Directions: Off highway 7, Lancaster Street W & Union St Zoning Description: R2 Interior Size: 18000 sqft Access: Road access, Highway access Lot: under 1/2 acre Exterior Finish: Brick Water: Municipal water, Municipal sewage system Heating / Cooling: Electric, Natural gas / None Age: Basement: Full (Partially finished) Partially finished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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