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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:23309)

  • Listing ID: 40758467
  • Property Type: Multi-family
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Details

  • Amenities Nearby: Hospital, Park, Schools
  • Features: Laundry- Coin operated
  • Ownership: Freehold
  • Parking Spaces: 13
  • Transaction: For sale
  • Zoning Description: R2

Building

  • Appliances: Water softener
  • BasementType: Full (Partially finished)
  • Basement Development: Partially finished
  • Cooling: None
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Heating: Baseboard heaters
  • Heating Fuel: Electric, Natural gas
  • Size Interior: 18000 sqft
  • Stories Total: 4
  • Utility Water: Municipal water

Land

  • Access Type: Road access, Highway access
  • Amenities: Hospital, Park, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 122 ft
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Listing provided by Real Broker Ontario Ltd.
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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 7th, 2025. Contact Heather Buchanan-Curren to schedule a viewing or to discover other Kitchener real estate for sale.

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