Kitchener, ON N2M 3Y9,281 LORNE AVE
Kitchener, ON N2M 3Y9,281 LORNE AVE
Kitchener, ON N2M 3Y9,281 LORNE AVE
Kitchener, ON N2M 3Y9,281 LORNE AVE
Kitchener, ON N2M 3Y9,281 LORNE AVE
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$1,050,000

$1,200,000

12.5%
Est.Price: ?

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Est. payment /mo

7 Beds

6 Baths


SOLD DATE : 05/01/2024

Key Details

Sold Price $1,050,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 3500-5000

MLS Listing ID X8084634

Sold Date 05/01/24

Style 3-Storey

Bedrooms 7

Annual Tax Amount $6,642

Tax Year 2023

Property Sub-Type Multiplex

Property Description

Welcome to an appealing investment opportunity in Kitchener's Forest Hill area with a history of long-term tenancy. This 6plex, proudly owned by the original owner, offers a mix of units - Four 1-bedroom, One Bachelor, and One 2-bedroom. Large, bright windows in each unit contribute to a warm atmosphere. While well maintained, the property may benefit from some updates, offering investors the opportunity to enhance its value further. A coin-operated laundry in the common area adds convenience for tenants, also provides an additional income stream for investors. Featuring parking for 6+ cars, the property ensures ample parking space for residents. Additionally, each unit boasts a unique front and back door access, providing convenient entry and exit options. Additionally, there's a nice side yard for tenants to relax or barbecue. Conveniently located near the expressway, public transit, and shopping centers, this 6plex stands as a solid investment opportunity.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room No

Basement None

Kitchen 6

Interior

Cooling None

Exterior

Parking Features Mutual

Pool None

Lot Frontage 90.89

Lot Depth 117.04

Total Parking Spaces 6

Others

ParcelsYN No

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Listed by RE/MAX TWIN CITY REALTY INC.
Austin Falk

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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