6
See all 6 photos
$4,445,000
Est. payment /mo
18,000 SqFt
New
416 Lancaster ST W Kitchener, ON N2H 4V9
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $246
MLS Listing ID X12334256
Annual Tax Amount $45,052
Tax Year 2024
Property Sub-Type Investment
Property 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.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 122.0
Listed by REAL BROKER ONTARIO LTD.