Home with brick exterior material, street for 56 Lilac St, Waterloo Ontario N2G 3A8
4 hours on Market

56 Lilac St, Waterloo, Ontario N2G 3A8

Townhouse
4 + 2
4
~2000-2500 sqft
$949,900
Get pre-qualifiedPowered by nesto
Townhouse
4 + 2
4
~2000-2500 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market4 hours

Estimated valueNot available

Price/Sqft$427/sqft

Monthly cost

Open Calculator

Description

Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitchener's thriving rental market. The property includes two spacious 2-bedroom/1-bath units and two comfortable 1-bedroom/1-bath units within a peaceful, non-smoking building. Current tenants are respectful working professionals, creating an ideal environment for mature renters seeking calm and comfort. Conveniently located just a one-minute walk to the Mill Street LRT station, and with bus routes close at hand, the property provides excellent connectivity to Uptown Waterloo, Downtown Kitchener, and surrounding areas. Tenants also benefit from two separate driveways with parking for seven vehicles, on-site coin-operated laundry, and a large shared yard with plenty of green space. With its prime location, strong tenant base, generous parking, and immediate upside potential, this property is a rare turnkey investment opportunity in one of Kitchener's most desirable areas.


Property Details

Style2-Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size7,638 SqFt(101.23 x 75.46)
Parking Spaces7
MLS ®NumberX12753290
Community NameMill Courtland Woodside Park
Data SourceTRREB
Listing byCHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

Features

Heating: Forced Air
Cooling: Window Unit
Fireplace
Basement: Finished, Sep Entrance

Features

Lot size: 7,638 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 7


Property listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Mill Courtland Woodside Park

Geo Zone Map ThumbnailMill Courtland Woodside Park

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

82 days

Compared to

2025

87 days

2024

18 days

2023

20 days

New Listings

Past 30 days

1 listing

Compared to

2025

43 listings

2024

49 listings

2023

1 listing

Units sold

Past 30 days

2 units

Compared to

2025

1 unit

2024

1 unit

2023

1 unit

Median Sold Price

Past 30 days

$489,000

Compared to

2025

$1,010,000

2024

$649,999

2023

$720,000


Population and Demographics

Overview

Total population 3222
Average household income $92,205

Age (%)

0 to 19
16%
20 to 34
31%
35 to 49
20%
50 to 64
20%
65 and plus
13%

Household composition (%)

Single family
50%
Single person
43%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
84%
Portuguese
3%
Others
3%
Spanish
3%
Serbian
1%
German
1%
Arabic
1%
Tigrigna
1%
Mandarin
1%

House tenancy (%)

Renters
55%
Owners
45%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget