12 days on market
$1,050,000

Sold on Mar. 04, 2024

Listed for $1,200,000 on Feb. 22, 2024

Lorne Ave
Sold

Kitchener

7 Bed|6 Bath|Yes|12 days on market

$1,050,000

Sold on Mar. 04, 2024

Listed for $1,200,000 on Feb 22, 2024

Or call Dwelly at: (647) 797-1133

Home Details

Taxes
$554 / month
Total Parking Spots
6
Driveway
Mutual
Garage Spaces
0
Furnished
No
Lot Size
90.89 x 117.04 Feet
Move-in Date
FLEXIBLE
Hydro Included
No
Heating
Forced Air
Water Included
No
Family Room
Yes
Basement
None
Fireplace
N
Air Conditioning
None
Central Vaccum
No
Laundry Access
Lower
Exterior
Brick
Sewer
Sewers
Property Type
Multiplex
Style
3-Storey
Status
Sold

Listing Description

Welcome to an appealing investment opportunity in Kitchener's Forest Hill area with a history of long-term tenancy. This 6plex, proudly owned by the original owner, offers a mix of units - Four 1-bedroom, One Bachelor, and One 2-bedroom. Large, bright windows in each unit contribute to a warm atmosphere. While well maintained, the property may benefit from some updates, offering investors the opportunity to enhance its value further. A coin-operated laundry in the common area adds convenience for tenants, also provides an additional income stream for investors. Featuring parking for 6+ cars, the property ensures ample parking space for residents. Additionally, each unit boasts a unique front and back door access, providing convenient entry and exit options. Additionally, there's a nice side yard for tenants to relax or barbecue. Conveniently located near the expressway, public transit, and shopping centers, this 6plex stands as a solid investment opportunity.

Property History

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Market Trends and Insights

About Lorne Ave, Kitchener

Located at 281 Lorne Ave , this Kitchener house was listed for $1,200,000. This house's size is 3500-5000 Sqft. It has 7 bedrooms and 6 bathrooms. The property includes the following rooms: . This property comes with 6 parking spots.


MLS#: X8084634 · $1,200,000 · 7 bedroom house in Kitchener