Overview
- Updated On:
- October 11, 2025
- 18,000 ft2
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.
Address: 416 Lancaster Street W, Kitchener ON N2H 4V9
City: Kitchener
State/County: Waterloo
Zip: N2H 4V9
Country: CA
Open In Google Maps Property Id : 3038885
Price: $ 4,445,000
Property Size: 18,000 ft2
Outdoor Details
Garage Attached
Other Features
Built-In Appliances
Has Fireplace
Has Garage
Has Heating System
Hot Water Tank Owned
Open Parking
Separate Heating Controls
Separate Hydro Meters
Water Softener
$ 17,234.14
per month- Principal and Interest
- Property Tax
- HOA fee
$ 17,234.14
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