281 Lorne Avenue Kitchener, Ontario N2M 3Y9
$1,499,900
Charming Sixplex Investment Opportunity in Forest Hill, Kitchener This well-maintained sixplex offers a fantastic income-generating opportunity for investors, located in the desirable Forest Hill neighborhood of Kitchener. The property features five 1-bedroom units and one 2-bedroom unit, making it perfect for singles, couples, or small families. Recent upgrades have enhanced both the interior and exterior of the property. The front and rear entrances have been updated with new flooring, freshly painted entryways, and a refreshed exterior to boost curb appeal and provide a welcoming experience for tenants. Units 1 and 2 have undergone modern renovations to attract high-quality tenants. The property is fully equipped with an up-to-date fire alarm and extinguisher system, ensuring safety and compliance with industry standards. Additional Income Potential: A unique opportunity exists for the buyer to further increase income by extending the existing building with the addition of a small house or triplex. Buyer to conduct due diligence before proceeding. With stable income, recent improvements, and significant growth potential, this sixplex is a strong investment opportunity for those looking to add value to their portfolio. Dont miss out schedule your showing today! (id:35492)
Property Details
| MLS® Number | X11907415 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Park, Schools |
| Parking Space Total | 7 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Appliances | Water Softener, Water Heater, Refrigerator, Stove |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Park, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 117 Ft |
| Size Frontage | 92 Ft ,7 In |
| Size Irregular | 92.6 X 117 Ft |
| Size Total Text | 92.6 X 117 Ft |
| Zoning Description | R2 |
Utilities
| Sewer | Installed |
https://www.realtor.ca/real-estate/27767010/281-lorne-avenue-kitchener
Contact Us
Contact us for more information
Cindy Nguyen
Salesperson
480 Eglinton Ave West
Mississauga, Ontario L5R 0G2
(905) 565-9200
(905) 565-6677
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January 13 2025 06:39:18
Toronto Regional Real Estate Board
Right At Home Realty