6
416 Lancaster Street W
$4,445,000 Sale
Listed 10 days ago
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Key Facts
Key facts for 416 Lancaster Street W
Property Type
Commercial
Parking
Outside/Surface
MLS #
X12334256
Size
-
Basement
-
Listed on
2025-08-07
Lot size
122 x 0.0
Tax
$45,052 /yr
Days on Market
12
Approximate Age
-
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.
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Courtesy of: REAL BROKER ONTARIO LTD.