305 Lorne Ave, Kitchener, Ontario N2M 3Y9
Contact us about this property
Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.Not 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
Interior
Features
Exterior
Features
Parking
Garage spaces 2
Garage type Detached
Other parking spaces 4
Total parking spaces 6
Property History


Get up to 0.5% cashback when you buy your dream home with Wahi Cashback

A new way to buy a home that puts cash back in your pocket.
- Our in-house Realtors do more deals and bring that negotiating power into your corner
- We leverage technology to get you more insights, move faster and simplify the process
- Our digital business model means we pass the savings onto you, with up to 0.5% cashback on the purchase of your home