$1,499,900
Available - For Sale
Listing ID: X11907415
281 Lorne Ave , Kitchener, N2M 3Y9, Ontario
| 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! |
| Price | $1,499,900 |
| Taxes: | $6975.00 |
| Address: | 281 Lorne Ave , Kitchener, N2M 3Y9, Ontario |
| Lot Size: | 92.57 x 117.00 (Feet) |
| Directions/Cross Streets: | HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE |
| Rooms: | 6 |
| Bedrooms: | 7 |
| Bedrooms +: | |
| Kitchens: | 6 |
| Family Room: | Y |
| Basement: | None |
| Approximatly Age: | 51-99 |
| Property Type: | Multiplex |
| Style: | 3-Storey |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Mutual |
| Drive Parking Spaces: | 7 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 3500-5000 |
| Property Features: | Park, Public Transit, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Radiant |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Sewers: | Sewers |
| Water: | Municipal |
| Utilities-Hydro: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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Fizza Nasir
Sales Representative
Dir:
647-241-2804
Bus:
416-747-9777
Fax:
416-747-7135
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Waterloo |
| Municipality: | Kitchener |
| Style: | 3-Storey |
| Lot Size: | 92.57 x 117.00(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $6,975 |
| Beds: | 7 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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