Message Number403862
statusActive
Subject LineHave Kitchener Ontario 2 Apartment Buildings MLS 40197334
Business area
Canada
Ontario
Southwestern Ontario
Kitchener
Location, CityKitchener
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingJanuary 7 2022
Type DescriptionTwo buildings on one site (58 units)
Location475 & 477 Lancaster St. W.
Price CommentUnpriced
Site area2.1 acres
ZoningResidential 6 (R6)
Net Income$592,347
CommentsTwo 4 storey Multi-Residential Apartment buildings for Sale. A total of 58 - 2 bedroom units. All units have been
renovated and are separately metered. Recent updates include replacing the roof of 477 Lancaster in 2018, painting
all hallways and suite doors, adding a fitness room and security cameras, installing new building entrance doors,
replacing / repairing the parking lot drainage and upgrading exterior lights to LED. Located north of Conestoga
Parkway (Highway 85) and west of Lancaster Street W. Central location. Close to many amenities including
Downtown Kitchener and Uptown Waterloo, parks, schools and walking trails.
NOTE: An application has been submitted to the City of Kitchener to add 3 units (2-2 bedroom units in the
existing 8 car garage and 1-1 bedroom unit in common area), plus an increase of parking capacity by 17 spaces
(total of 88 parking spaces will be provided).
Internet Links
Time Factors, Drop Dead DatesBest bid/offer date of February 28th, 2022
ControlMLS
NameScott Anderson
TitleSenior Vice President / Broker
Company NameCushman & Wakefield Waterloo Region
Address Line One4295 King Street East, Suite 401
CityCambridge
State/ProvinceOntario
Zip/Postal CodeN2P 0C6
CountryCanada
Business Phone Number(519)585-2200
Cell Number(519)240-3008
Home Number(519)240-3008
FAX Number(519) 650-5250
Email AddressSend Email
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