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:4069)
Address
56 LILAC STREET
List Price
$949,900
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
6
Bathrooms
4
Floor Area
20,002,500 Sq. Ft.
Lot Size
75.5 x 101.2 FT Sq. Ft.
MLS® Number
X12371102
Listing Brokerage
CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Basement Area
N/A (Finished)
Postal Code
N2G3A8
Site Influences
Place of Worship, Schools, Public Transit
Amenities
Fireplace(s)
