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7 Beds 6 Bath 3500-5000 sqft

281 Lorne Ave

Kitchener N2M 3Y9 Ontario

MLS: X11907415

$1,499,900

Added a month ago | For Sale

Listed by: RIGHT AT HOME REALTY

About Property

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!

Features

  • House Style:Multiplex
  • Bathrooms:6
  • Land Size:
  • Water:Municipal
  • Garage Spaces:0 /None
  • Driveway:Mutual
  • Heating Fuel:Gas
  • Cross Street:HOMER WATSON BLVD RIGHT ON HOF
  • Basement:None ,
  • Possession Date:FLEXIBLE
  • Annual Property taxes: $6975
  • Bedrooms:7
  • Total Parking Spaces:7
  • Parking Places:7
  • Heating Type:Radiant
  • Pool Type:None
  • Exterior:Brick
  • Fronting On:S
  • Front Footage:92.57
  • Listing ID:X11907415

Rooms Dimensions Description

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Average Sale Prices per Month in Kitchener
This graph illustrates the average sale prices per month in Kitchener, providing an in-depth analysis of the real estate market trends and fluctuations
7 Bedrooms Multiplex House Kitchener
Monthly Sales Trends in Kitchener
This graph showcases the monthly sales trends in Kitchener, offering valuable insights for both buyers and sellers in the real estate market.
7 Bedrooms Multiplex House Kitchener
Avg Price for 7 Bedroom Multiplex house in Kitchener
Discover the last 3 months average sold price city of Kitchener neighbourhoods.
Community Average Price Difference Avg Days On Market
Nearby Schools
Explore a list of nearby schools in Kitchener
School Name Distance
St Bernadette Catholic Elementary School 0.11km
Queen Elizabeth Public School 0.53km
Courtland Avenue Public School 1.14km
J F Carmichael Public School 1.26km
Forest Hill Public School 1.38km
Cameron Heights Collegiate Institute 1.52km
Queensmount Public School 1.55km
Monsignor Haller Catholic Elementary School 1.63km
Alpine Public School 1.73km
Trillium Public School 1.78km
Our Lady of Grace Catholic Elementary School 1.83km
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