281 Lorne Avenue, Kitchener ON N2M 3Y9

$ 1,499,900
281 Lorne Avenue, Kitchener ON N2M 3Y9,
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Overview

  • Updated On:
  • January 13, 2025
  • 7 Bedrooms
  • 6 Bathrooms
  • 4,000 ft2

Description

Charming Sixplex Investment Opportunity in Forest Hill, Kitchener

This well-maintained sixplex offers a fantastic income-generating opportunity for investors, located in the desirable Forest Hill neighborhood of Kitchener. The property features five 1-bedroom units and one 2-bedroom unit, making it perfect for singles, couples, or small families.

Recent upgrades have enhanced both the interior and exterior of the property. The front and rear entrances have been updated with new flooring, freshly painted entryways, and a refreshed exterior to boost curb appeal and provide a welcoming experience for tenants. Units 1 and 2 have undergone modern renovations to attract high-quality tenants.

The property is fully equipped with an up-to-date fire alarm and extinguisher system, ensuring safety and compliance with industry standards.

Additional Income Potential:
A unique opportunity exists for the buyer to further increase income by extending the existing building with the addition of a small house or triplex. Buyer to conduct due diligence before proceeding.

With stable income, recent improvements, and significant growth potential, this sixplex is a strong investment opportunity for those looking to add value to their portfolio. Don’t miss out—schedule your showing today!

Address: 281 Lorne Avenue, Kitchener ON N2M 3Y9
City:
State/County:
Zip: N2M 3Y9
Country: CA
Open In Google Maps
Property Id : 2401236
Price: $ 1,499,900
Property Size: 4,000 ft2
Bedrooms: 7
Bathrooms: 6
Other Features
Has Heating System
Open Parking
Refrigerator
Stove
Water Softener
$ 5,815.41
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 5,815.41

Mazher Latif

Real Estate Agent
Member of: Cityscape Real Estate Ltd., Brokerage

Contact Me

Schedule a showing?
Call +1 (519) 209-6934 WhatsApp

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Mazher Latif