77 Lancaster Street West, Kitchener | Image 1

77 Lancaster Street West

Kitchener

  • Commercial

$1,650,000
For Sale

Added 5 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R-6

  • Age: 31-50 years

  • Taxes: 6569

  • MLS®#: X8412156

  • Days on Site: 84 Days

  • Added: Jun 06, 2024 (5 months ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: DAVENPORT REALTY

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 your 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

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 31-50

  • Area: Kitchener

  • Availability Date: Flexible

  • Assessment Amount: $542,000

  • Assessment Year: 2023

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Baseboard

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2023

  • Taxes: $6,569

  • Expenses: Act

  • Taxes Type: Annual

Land

  • Cross Street: Lancaster and Wellin

  • Municipality District: Kitchener

  • Parcel Number: 223220038

  • Lot Depth: 160.64 Feet

  • Lot Frontage: 53.57 Feet

  • Lot Irregularities: 130.60 ft x 19.53 ft

  • Zoning: R-6

Additional Media

  • Virtual Tour: https://my.matterport.com/show/?m=NL2gzoDw2h1&brand=0

Commercial Specific

  • Total Area: 3513

  • Total Area Metric: Sq Ft

  • Lot Code: Building

  • Financial Statement: Y

  • Gross Income/Sales: 123000

See 3D Tour of 77 Lancaster Street West, Kitchener
3D Walkthrough
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Very Walkable

  • Most errands can be accomplished on foot.
87 /100

Good Transit

  • Some errands can be accomplished by public transportation.
55 /100

Bikeable

  • Some errands can be accomplished on bike.
66 /100
Map of 77 Lancaster Street West, Kitchener
JK-8

St Teresa Catholic Elementary School

Elementary: Catholic
0.77 km
JK-6

Prueter Public School

Elementary: Public
0.95 km
7-8

Margaret Avenue Public School

Elementary: Public
0.55 km
JK-8

St Anne Catholic Elementary School

Elementary: Catholic
1.54 km
JK-6

Suddaby Public School

Elementary: Public
1.00 km
JK-6

Sheppard Public School

Elementary: Public
1.90 km
9-12

Rosemount - U Turn School

Secondary: Public
2.10 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
2.13 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
2.01 km
Pre-Grade 9-12

Eastwood Collegiate Institute

Secondary: Public
3.04 km
9-12

St Mary's High School

Secondary: Catholic
4.81 km
Pre-Grade 9-12

Cameron Heights Collegiate Institute

Secondary: Public
1.86 km

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