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611 Lancaster Street W, Kitchener, ON, N2K 1M5

MLS® # 40579509
Investment For Sale In Bridgeport West, Kitchener, Ontario
$849,900
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
611 Lancaster Street W, Kitchener, ON
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Home Insurance - TD Insurance
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Home Insurance - TD Insurance

Get a home insurance quote online for this $849,900 property in Kitchener

Provided by TD Insurance
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ACTIVE
611 Lancaster Street W, Kitchener, ON, N2K 1M5
$849,900

Property Information:

Stable Income & Growth Potential in Kitchener.Make an offer on this well-priced 5-plex, currently generating $61,000 annually with a solid 5% cap rate, presents a rare opportunity for investors looking for more than just a standard duplex or triplex. Located in a highly sought-after area of Kitchener, this property offers both stable income and the potential for substantial equity growth through strategic upgrades, rental increases, and possibly adding another storey. With convenient access to Hwy 7, Bridgeport Rd, and University Ave, this property ensures easy commutes for tenants, reducing vacancy concerns and enhancing long-term rental demand. The unit mix, featuring two 2-bedroom units and three 1-bedroom units, caters to a variety of tenant profiles, increasing flexibility and occupancy potential. For savvy investors, this property presents an attractive blend of current cash flow and future appreciation, making it a competitive investment with more upside than other multi-unit properties that are currently available. Schedule a tour today and explore the possibilities of turning this 5-plex into a high-performing asset in your portfolio.

Inclusions: Other,5 Refrigerators, 5 Stoves

Exclusions : Tenant Belongings & Shed-Belongs To Tenant

Building Features:

  • Floor Space: 1819.89

Property Features:

  • Bedrooms: 7
  • Acres Range: < 0.5
  • Basement: Full, Finished
  • Built in: 1949
  • Construction Materials: Metal/Steel Siding
  • Cooling: None
  • Driveway Parking: Front Yard Parking
  • Floor Space (approx): 3491.63 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: None
  • Lot Depth: 139.64 Feet
  • Lot Features: Rectangular, Highway Access, Public Transit, Schools
  • Lot Frontage: 50.06 Feet
  • Parking Features: Gravel, Other
  • Roof: Flat
  • Security Features: Alarm System, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: C4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 5

Courtesy of: DEWAR REALTY INC., BROKERAGE

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Sales/Price History

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Market Price Trends

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Location of 611 Lancaster Street W, Kitchener, ON, N2K 1M5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 611 Lancaster Street W, experiences 7 hot days per year at around 30.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past
30.7℃
2050
34.3℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 611 Lancaster Street W, experiences 11 significant 2-day storms per year, with about 318.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 394.9mm of precipitation per year.

Precipitation Per Storm

Past
318.2mm
2050
394.9mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 611 Lancaster Street W, Kitchener, ON, N2K 1M5

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$138,158.45

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.99 %

High school certificate or equivalent

25.51 %

Apprenticeship trade certificate/diploma

9.09 %

College/non-university certificate

19.72 %

University certificate (below bachelor)

0.78 %

University Degree

26.91 %

Commuter

Travel To Work

By Car

92.24 %

By Public Transit

1.96 %

By Walking

2.64 %

By Bicycle

0.0 %

By Other Methods

3.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

12.36 %

Houses

87.64 %

Own Vs. Rent

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