416 LANCASTER Street W|Kitchener, Ontario N2H4V9
Property Details
Multi-family
Description
MLS Number: 40758467
Property Details: • Type: Multi-family • Ownership Type: Freehold • Bedrooms: N/A • Bathrooms: 0 • Building Type: N/A • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: Attached Garage • Parking Spaces: N/A
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. (69463538)
Agent Information: • Agents: Jeff Margolis; Ilan Friedner; Elton Ilir Demirxhiu • Contact: 416-670-5998; 905-519-4847; 647-609-4876 • Brokerage: Real Broker Ontario Ltd.; Real Broker Ontario Ltd.; Real Broker Ontario Ltd. • Website: https://onereal.ca/; https://onereal.ca/; https://onereal.ca/
Time on Realtor: 2 days ago
Location
Address
416 LANCASTER Street W|Kitchener, Ontario N2H4V9
City
Kitchener
Features and Finishes
None
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