281 Lorne Avenue, Kitchener, Ontario N2M 3Y9

Listed for:
$1,499,900
7 beds
6 baths
Listed 83 days ago
281 Lorne Avenue, Kitchener, Ontario N2M 3Y9

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Learn more about this property
Listing provided by:
RIGHT AT HOME REALTY BROKERAGE
MLS® number:
40687222
Agent:
Cindy Nguyen
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About

HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE 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. Don’t miss out—schedule your showing today! (id:27476)

Property Highlights

MLS® Number
40687222
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre
Parking Space Total
7

Building

Storeys
3.00
Square Footage
4000 sqft
Bathrooms Total
6
Bedrooms Total
7
Amenities
Park, Public Transit, Schools, Shopping
Exterior Finish
Brick, Vinyl siding
Fireplace Present
No
Basement Type
None
Basement Features
Building Heating Type
Baseboard heaters, Radiant heat
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location