198 days on Market

77 Lancaster St, Kitchener, Ontario N2H 4T3

Townhouse
7
7
- sqft
$1,650,000
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Townhouse
7
7
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$7,086/mo

Tax Amount (2023)$6,569/yr

Days On Market198 days


Description

Welcome to 77 Lancaster St. W., an exceptional 7-plex nestled in the heart of Kitchener. This well-maintained property perfectly combines modern living with outstanding investment potential. Situated in a prime location, it offers easy access to schools, parks, shopping centers, and major transportation routes, making it highly desirable for both tenants and investors alike. The property features a versatile mix of five one-bedroom units and two studio apartments, catering to a wide range of rental needs. Notably, five of the seven units have been extensively renovated and are at market rent, providing a unique opportunity for immediate rental income. The property's turnkey nature, coupled with ample on-site parking and inviting outdoor spaces such as balconies and patios, ensures a comfortable living experience for residents and a hassle-free investment for owners. Whether youre seeking long-term tenants or exploring the potential for short-term Airbnb rentals, 77 Lancaster St. W. is a sound and flexible investment opportunity. Dont miss out on this must-see property. Schedule your private viewing today and discover the endless possibilities that await you.


Property Details

Style2-Storey
View-
Age of property31-50
SqFt-
Lot Size8,571 SqFt(160 x 53.57)
Parking Spaces8
MLS ®NumberX8412652
Community NameMt. Hope Huron Park
Data SourceTRREB
Listing byDAVENPORT REALTY

Features

Heating: Forced Air
Basement: Full, Unfinished

Main Floor

Br

3.65 x 2.90

Br

3.65 x 2.00

Br

3.65 x 2.90

Bathroom

2.00 x 2.00


Features

Lot size: 8,571 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property listed by DAVENPORT REALTY, Brokerage

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Population and Demographics

Overview

Total population 4867
Average household income $111,125

Age (%)

20 to 34
31%
35 to 49
21%
50 to 64
18%
0 to 19
16%
65 and plus
14%

Household composition (%)

Single family
51%
Single person
42%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
87%
Others
3%
German
2%
Arabic
1%
Spanish
1%
Mandarin
1%
Polish
1%
French
1%

House tenancy (%)

Renters
54%
Owners
46%

Schools and amenities

Estimated Budget