Home with brick exterior material, building for 281 Lorne Ave, Kitchener Ontario N2M 3Y9
16 days on Market

281 Lorne Ave, Kitchener, Ontario N2M 3Y9

Townhouse
7
6
~3500-5000 sqft
$1,499,900
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Townhouse
7
6
~3500-5000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$364/sqft

Est. Mortgage$6,441/mo

Tax Amount (2025)$6,975/yr

Days On Market16 days


Description

Charming Sixplex Investment Opportunity in Forest Hill, Kitchener This well-maintained sixplex offers a fantastic income-generating opportunity for investors, located in the desirable Forest Hill neighborhood of Kitchener. The property features five 1-bedroom units and one 2-bedroom unit, making it perfect for singles, couples, or small families. Recent upgrades have enhanced both the interior and exterior of the property. The front and rear entrances have been updated with new flooring, freshly painted entryways, and a refreshed exterior to boost curb appeal and provide a welcoming experience for tenants. Units 1 and 2 have undergone modern renovations to attract high-quality tenants. The property is fully equipped with an up-to-date fire alarm and extinguisher system, ensuring safety and compliance with industry standards. Additional Income Potential: A unique opportunity exists for the buyer to further increase income by extending the existing building with the addition of a small house or triplex. Buyer to conduct due diligence before proceeding. With stable income, recent improvements, and significant growth potential, this sixplex is a strong investment opportunity for those looking to add value to their portfolio. Dont miss out schedule your showing today!


Property Details

Style3-Storey
View-
Age of property51-99
SqFt~3500-5000 SqFt
Lot Size10,830 SqFt(117 x 92.57)
Parking Spaces7
MLS ®NumberX11907415
Community NameSouthdale
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Radiant

Features

Lot size: 10,830 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 7


Property listed by RIGHT AT HOME REALTY, Brokerage

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Population and Demographics

Overview

Total population 3110
Average household income $87,180

Age (%)

20 to 34
27%
0 to 19
20%
35 to 49
19%
50 to 64
18%
65 and plus
16%

Household composition (%)

Single family
51%
Single person
41%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
77%
Spanish
5%
Tigrigna
4%
Others
3%
German
3%
Portuguese
2%
Arabic
1%
French
1%

House tenancy (%)

Renters
66%
Owners
34%

Schools and amenities

Estimated Budget