416 LANCASTER Street W

416 LANCASTER Street W

416 LANCASTER Street W

For Sale

$4,445,000

Property ID:

 40758467

Garage
13

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:62834)

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30 Years Fixed, 3.5% Interest
  • Principal and Interest

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