7 Beds 6 Bath

281 Lorne Avenue, Kitchener, ON N2M 3Y9

Kitchener N2M 3Y9 Ontario

MLS: X11907415

$1,499,900

Added 103 days ago | For Sale

Listed by: RIGHT AT HOME REALTY

About Property

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!

Features

  • House Style:Multiplex
  • Bathrooms:6
  • Land Size: 92.57 X 117
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE
  • Basement:None , None
  • Possession Date:FLEXIBLE
  • Annual Property taxes: $6975
  • Bedrooms:7
  • Total Parking Spaces:7
  • Parking Places:7
  • Heating Type:Radiant
  • Pool Type:None
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X11907415

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