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Home ON Kitchener - Cambridge - Waterloo Kitchener Southdale
281 LORNE Avenue
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281 LORNE Avenue $1,499,900
$1,499,900
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281 LORNE Avenue
Kitchener, Ontario N2M3Y9

MLS® Number: 40687222
7
Bedrooms
6
Bathrooms
4000
Square Feet

Listing 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. Don’t miss out—schedule your showing today! (68454144)

Location Description

HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
4000 sqft
Subdivision Name
325 - Forest Hill
Title
Freehold
Land Size
under 1/2 acre
Built in
1965
Annual Property Taxes
$6,975
Total Parking Spaces
7
Time on REALTOR.ca
79 days

Building

Bathrooms
Total
6
Interior Features
Appliances Included
Water softener
Basement Type
None
Building Features
Features
Shared Driveway, Laundry- Coin operated
Foundation Type
Poured Concrete
Fire Protection
Alarm system
Total Units
6
Heating & Cooling
Cooling
None
Heating Type
Baseboard heaters, Radiant heat, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Amenities Nearby
Park, Public Transit, Schools, Shopping
Parking
Total Parking Spaces
7

Measurements

Square Footage
4000 sqft
Above Grade Finished
4000 sqft
Source: Other

Land

Lot Features
Frontage
93 ft
Other Property Information
Access
Highway access
Zoning Description
R2
Data provided by: Cornerstone - Mississauga # 1 - 3450 RIDGEWAY Drive, Mississauga, Ontario L5L0A2

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