ON > Kitchener
Kitchener, ON N2H 4V9,416 Lancaster ST W
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Kitchener, ON N2H 4V9,416 Lancaster ST W
Kitchener, ON N2H 4V9,416 Lancaster ST W
Kitchener, ON N2H 4V9,416 Lancaster ST W
Kitchener, ON N2H 4V9,416 Lancaster ST W
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 4,445,000
Est. payment /mo
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Pending

416 Lancaster ST W Kitchener, ON N2H 4V9

18,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Pending

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $246

MLS Listing ID X12334256

Annual Tax Amount $45,052

Tax Year 2024

Property Sub-Type Investment

Lot Front 122.0

Property Description

Exceptional 21-unit multi-residential investment property in Kitchener with a current NOI of $243,341, reflecting a strong 5.48% cap rate on asking price. Suite mix: 1 bachelor, 12 one-bedroom, and 8 two-bedroom apartments, many with updated kitchens and baths. Gas fireplaces in each unit serve as a primary heat source, supplemented by electric baseboard heating. Tenants enjoy on-site parking and proximity to major transportation routes, retail, and amenities. Professional management in place. HST is in addition to the purchase price where applicable. Confidential rent roll and P&L available with executed attached CA.

Location

Province ON

County Waterloo

Area Waterloo

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 122.0

Others

Virtual Tour https://youtu.be/xsRZDvuy9KQ

Listed by REAL BROKER ONTARIO LTD.
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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416 Lancaster ST W

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