10
See all 10 photos
$1,499,900
Est. payment /mo
7 Beds
6 Baths
Active
281 Lorne AVE Kitchener, ON N2M 3Y9
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X11907415
Style 3-Storey
Bedrooms 7
Building Age 51-99
Annual Tax Amount $6,975
Tax Year 2025
Property Sub-Type Multiplex
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. Dont miss out schedule your showing today!
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement None
Kitchen 6
Interior
Interior Features Water Softener, Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Mutual, Other
Pool None
Roof Type Flat
Lot Depth 117.0
Total Parking Spaces 7
Building
Unit Features Public Transit,Park,School
Foundation Poured Concrete
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
Listed by RIGHT AT HOME REALTY