281 Lorne Avenue, Kitchener | Image 1

281 Lorne Avenue

Kitchener

  • 7 bed 6 bath 3500 sqft
$1,499,900 est.*: $5,081/mo
For Sale

Added 2 weeks ago

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  • Type: Multiplex

  • Style: 3-Storey

  • Size: 3500 sqft

  • Lot Size: 92.57 x 117 Feet

  • Age: 51-99 years

  • Taxes: $6,975 per year

  • Days on Site: 9 Days

  • Added: Jan 04, 2025 (2 weeks ago)

  • Updated:

  • Last Checked: 1 hour ago

  • MLS®#: X11907415

  • Listed By: Right at home realty

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!

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 3-Storey

  • Size (sq ft): 3500

  • Age: 51-99

  • Area: Kitchener

  • Availability Date: FLEXIBLE

Inside

  • Bedrooms: 7

  • Bathrooms: 6

  • Kitchens: 6

  • Rooms: 6

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 6

Utilities

  • Electricity: Yes

Building

  • Basement: None

  • Heat Type: Radiant

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Mutual

  • Garage Type: None

  • Covered Parking Spaces: 7

  • Total Parking Spaces: 7

Fees

  • Tax Year: 2025

  • Tax Legal Description: LT 7 PL 1156 KITCHENER; KITCHENER

  • Taxes: $6,975

Highlights

  • Feature: Park

  • Feature: Public Transit

  • Feature: School

Land

  • Cross Street: HOMER WATSON BLVD RI

  • Municipality District: Kitchener

  • Fronting On: South

  • Parcel Number: 224950118

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 117 Feet

  • Lot Frontage: 92.57 Feet

  • Zoning: R2

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Car-Dependent

  • Most errands require a car.
49 /100

Good Transit

  • Some errands can be accomplished by public transportation.
50 /100

Bikeable

  • Some errands can be accomplished on bike.
57 /100
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Map of 281 Lorne Avenue, Kitchener
7-8

Courtland Avenue Public School

Elementary: Public
1.14 km
JK-8

Monsignor Haller Catholic Elementary School

Elementary: Catholic
1.63 km
JK-8

St Bernadette Catholic Elementary School

Elementary: Catholic
0.11 km
JK-6

Queen Elizabeth Public School

Elementary: Public
0.53 km
JK-6

J F Carmichael Public School

Elementary: Public
1.26 km
JK-6

Forest Hill Public School

Elementary: Public
1.38 km
Pre-Grade 9-12

Forest Heights Collegiate Institute

Secondary: Public
2.60 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
2.84 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
4.70 km
Pre-Grade 9-12

Eastwood Collegiate Institute

Secondary: Public
2.58 km
9-12

St Mary's High School

Secondary: Catholic
2.36 km
Pre-Grade 9-12

Cameron Heights Collegiate Institute

Secondary: Public
1.52 km

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