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:24801)
Property Details
| MLS® Number | X12334256 |
| Property Type | Multi-family |
Building
| Appliances | Water Heater |
| Heating Type | Baseboard Heaters |
| Size Interior | 18,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Frontage | 122 Ft |
| Size Irregular | 122 Ft |
| Size Total Text | 122 Ft |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/28711356/416-lancaster-street-w-kitchener
Contact Us
Contact us for more information
Jeff Margolis
Salesperson
www.jeffmargolis.ca/
130 King St West #1900d
Toronto, Ontario M5X 1E3
(888) 311-1172
(888) 311-1172
www.joinreal.com/
Ilan Friedner
Salesperson
130 King St West #1900d
Toronto, Ontario M5X 1E3
(888) 311-1172
(888) 311-1172
www.joinreal.com/
Elton Demirxhiu
Salesperson
130 King St West #1900d
Toronto, Ontario M5X 1E3
(888) 311-1172
(888) 311-1172
www.joinreal.com/
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August 21 2025 05:02:35
Toronto Regional Real Estate Board
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