Name: 416 LANCASTER Street W, Kitchener | MLS® 40758467
SKU: 40758467
Price: 4445000.0 CAD
Availability: InStock

$4,445,000 Sale

Listed 11 days ago

416 LANCASTER Street W

MLS® 40758467 Multi Family

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Beds · 0

Baths · 0.0

Parking · 13

Sqft · 18000

Est. mortgage

$16,863/mo

Key Facts

Key facts for 416 LANCASTER Street W

Property Type

Apartment

Parking

Garage: Yes, 13 parking

MLS #

40758467

Size

18000 sqft

Basement

Partially finished, Full (Partially finished)

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Exceptional 21-unit multi-residential investment property in Kitchener with a current NOI of $243,341, reflecting a strong 5.48% cap rate on asking price. Suite mix: 1 bachelor, 12 one-bedroom, and 8 two-bedroom apartments, many with updated kitchens and baths. Gas fireplaces in each unit serve as a... primary heat source, supplemented by electric baseboard heating. Tenants enjoy on-site parking and proximity to major transportation routes, retail, and amenities. Professional management in place. HST is in addition to the purchase price where applicable. Confidential rent roll and P&L available with executed attached CA. (id:10452)

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Full Property Details

Interior

Bedrooms

Washrooms

0.0

Square Footage

18000 sqft

Basement

Partially finished

Heating Source

Electric, Natural gas

Heating Type

Baseboard heaters

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

0.0

Square Footage

18000 sqft

Basement

Partially finished

Heating Source

Electric, Natural gas

Heating Type

Baseboard heaters

Air Conditioning

None

Full Bathrooms

Half Bathrooms

Exterior

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Yes

Zoning Description

Land Amenities

Hospital, Park, Schools

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Yes

Zoning Description

Land Amenities

Hospital, Park, Schools

Building Description

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Area Code

Kitchener

Area Code

Kitchener

Mandy & Joe Kovacevic

Email: [email protected] Cell: 5197225340