416 Lancaster ST W new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2H 4V9
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $246
MLS Listing ID X12334256
Annual Tax Amount $45,052
Tax Year 2024
Property Sub-Type Investment
Property 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.
Location
State ON
County Waterloo
Area Waterloo
Zoning R2
Interior
Cooling No
Inclusions All existing fridges, stoves, light fixtures, and any owned hot water heaters/mechanical equipment, all in as-is condition.
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Lot