11 days on Market

305 Lorne Ave, Kitchener, Ontario N2M 3Y9

Townhouse
6 + 1
4
~2000-2500 sqft
$999,900
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Townhouse
6 + 1
4
~2000-2500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$449/sqft

Est. Mortgage$4,294/mo

Tax Amount (2024)$5,766/yr

Days On Market11 days


Description

Well maintained and updated investment property, this all-brick purpose-built 4-plex offers 3,149 sq ft of living space across 3 levels. This property includes two 3-bed units on the main and upper floors, each with a 4-pc bathroom, functional kitchen, and separate living/dining area. The 3rd floor unit also features a private balcony, offering a great spot to unwind and enjoy the outdoors. The lower-level offers a 1-bed unit with a 3-pc ensuite bath, kitchen and living room. Addition bachelor unit is bright and airy, thanks to its large windows, which allow natural light to flow through the space. The property is complemented by a 20x20 ft detached double garage/workshop providing potential additional income. Tenants can take advantage of the common area laundry room and the convenience of an on-site open-surface parking lot. With 3 long-standing tenants already in place and one vacant 3bedroom unit, this 4-plex presents a fantastic investment opportunity, providing immediate rental income and option for owner occupied unit as well. Location is a key selling point for this property. In a highly desirable rental area, residents enjoy easy access to the Laurentian Hills Power Centre, where grocery stores, restaurants, and essential services are all within reach. Numerous parks provide scenic walking and biking trails, making it perfect for those who enjoy an active lifestyle. Nearby McLennan Park, provides a variety of outdoor activities such as mountain biking trails, a toboggan hill, dog park, splash pad, and basketball courts. With several schools close by and the expressway just minutes away for easy access to the 401 and beyond, this 4-plex is ideally situated for convenience and recreation. Whether you're looking for an investment property or a multi-unit home, this 4-plex offers great potential in a highly desirable location.


Property Details

Style2-Storey
View-
Age of property51-99
SqFt~2000-2500 SqFt
Lot Size6,030 SqFt(119.02 x 50.67)
Parking Spaces6
MLS ®NumberX12069535
Community NameSouthdale
Data SourceTRREB
Listing byRE/MAX REAL ESTATE CENTRE INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished, Walk-Up

Features

Lot size: 6,030 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 4

Total parking spaces 6


Property History

Apr 7, 2025
ListedActive
$999,900
11 days on market
history photo preview49
Listing by trreb®
Property listed by RE/MAX REAL ESTATE CENTRE INC., 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