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$ 1,499,900
Est. payment /mo
Active
281 LORNE Avenue Kitchener, ON N2M3Y9
7 Beds
6 Baths
4,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $374
Subdivision 325 - Forest Hill
MLS® Listing ID 40687222
Bedrooms 7
Originating Board Cornerstone - Mississauga
Year Built 1965
Property Description
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:24570)
Location
Province ON
Interior
Heating Baseboard heaters, Radiant heat,
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RIGHT AT HOME REALTY BROKERAGE