416 Lancaster Street W Kitchener, Ontario N2H 4V9
$4,445,000
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:63013)
Property Details
| MLS® Number | 40758467 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Schools |
| Features | Laundry- Coin Operated |
| Parking Space Total | 13 |
Building
| Appliances | Water Softener |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters |
| Stories Total | 4 |
| Size Interior | 18,000 Ft2 |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Park, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 122 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/28705071/416-lancaster-street-w-kitchener
130 King Street W. Suite 1900d
Toronto, Ontario M5X 1E3
130 King Street W. Suite 1900d
Toronto, Ontario M5X 1E3
130 King Street W. Suite 1900d
Toronto, Ontario M5X 1E3
Contact the agent today for more information.
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August 07 2025 11:58:39
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