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$ 949,900
Est. payment /mo
New
56 LILAC STREET Waterloo, ON N2G3A8
6 Beds
4 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $474
MLS® Listing ID X12371102
Bedrooms 6
Source Toronto Regional Real Estate Board
Property Description
Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitcheners thriving rental market. The property includes two spacious 2-bedroom/1-bath units and two comfortable 1-bedroom/1-bath units within a peaceful, non-smoking building. Current tenants are respectful working professionals, creating an ideal environment for mature renters seeking calm and comfort. The basement unit is currently vacant, giving the new owner the opportunity to set market rent and maximize income potential right away. Conveniently located just a one-minute walk to the Mill Street LRT station, and with bus routes close at hand, the property provides excellent connectivity to Uptown Waterloo, Downtown Kitchener, and surrounding areas. Tenants also benefit from two separate driveways with parking for seven vehicles, on-site coin-operated laundry, and a large shared yard with plenty of green space. With its prime location, strong tenant base, generous parking, and immediate upside potential, this property is a rare turnkey investment opportunity in one of Kitcheners most desirable areas. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Window air conditioner
Fireplaces Number 1
Exterior
Parking Features Yes
Community Features Community Centre
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD