Message Number	403862
status	Active
Subject Line	Have Kitchener Ontario 2 Apartment Buildings MLS 40197334
Business area	Canada Ontario Southwestern Ontario Kitchener
Location, City	Kitchener
Have/Want	Have
Business category	Apartment buildings/multi unit/condo townhouse projects/investments
Date of Listing	January 7 2022
Type Description	Two buildings on one site (58 units)
Location	475 & 477 Lancaster St. W.
Price Comment	Unpriced
Site area	2.1 acres
Zoning	Residential 6 (R6)
Net Income	$592,347
Comments	Two 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 Dates	Best bid/offer date of February 28th, 2022
Control	MLS
Name	Scott Anderson
Title	Senior Vice President / Broker
Company Name	Cushman & Wakefield Waterloo Region
Address Line One	4295 King Street East, Suite 401
City	Cambridge
State/Province	Ontario
Zip/Postal Code	N2P 0C6
Country	Canada
Business Phone Number	(519)585-2200
Cell Number	(519)240-3008
Home Number	(519)240-3008
FAX Number	(519) 650-5250
Email Address	Send Email
Home Page	Home Page