416 LANCASTER STREET W Kitchener
  • 416 LANCASTER STREET W Kitchener
  • 416 LANCASTER STREET W Kitchener
  • 416 LANCASTER STREET W Kitchener
  • 416 LANCASTER STREET W Kitchener
  • 416 LANCASTER STREET W Kitchener
  • 416 LANCASTER STREET W Kitchener

416 LANCASTER STREET W, Kitchener, Ontario

$4,445,000

  • 18,000 Square Feet

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:56241)

  • Listing ID: X12334256
  • Property Type: Multi-family
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Details

  • Transaction: For sale
  • Zoning Description: R2

Building

  • Appliances: Water Heater
  • Fireplace Present: False
  • Heating: Baseboard heaters
  • Size Interior: 18000 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Size Frontage: 122 ft
  • Size Irregular: 122 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 416 LANCASTER STREET W in Kitchener Ontario. It was last modified on August 8th, 2025. Contact us to schedule a viewing or to discover other Kitchener real estate for sale.

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