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:60365)
Property Details
| MLS® Number | X12334256 |
| Property Type | Multi-family |
Building
| Appliances | Water Heater |
| HeatingType | Baseboard Heaters |
| SizeInterior | 18000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeFrontage | 122 Ft |
| SizeIrregular | 122 Ft |
| SizeTotalText | 122 Ft |
| ZoningDescription | R2 |
https://www.realtor.ca/real-estate/28711356/416-lancaster-street-w-kitchener
Jeff Margolis
Salesperson
130 King St West #1900d
Toronto, Ontario M5X 1E3
Ilan Friedner
Salesperson
130 King St West #1900d
Toronto, Ontario M5X 1E3
Elton Demirxhiu
Salesperson
130 King St West #1900d
Toronto, Ontario M5X 1E3
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August 08 2025 10:00:17
Toronto Real Estate Board
Real Broker Ontario Ltd.
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