281 Lorne Avenue , Kitchener, ON N2M 3Y9
Kitchener, ON N2M 3Y9
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 outschedule your showing today!
Details
| MLS# | 40687222 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 16 |
| Listing Provided By | RIGHT AT HOME REALTY BROKERAGE | Cindy Nguyen |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 4,000 |
| Story(s) | 3 |
| Units | 6 |
| Zoning | R2 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Zip Code | N2M 3Y9 |
| Area | 3 Kitchener West |
| Subarea | 325 Forest Hill |
| Community Name | 325 Forest Hill |
| Listing VS Median (in 325 Forest Hill) | |
Price: $1,499,900 low | high Med: $617,000 SqFt: 4,000 low | high Med: 1,051 $ / SqFt: $375 low | high Med: $587 On Site: 16 low | high Med: 12.500000 | |
