Kitchener, ON N2M 3Y9,305 Lorne Avenue
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Kitchener, ON N2M 3Y9,305 Lorne Avenue
Kitchener, ON N2M 3Y9,305 Lorne Avenue
Kitchener, ON N2M 3Y9,305 Lorne Avenue
Kitchener, ON N2M 3Y9,305 Lorne Avenue
Listed by Rick Luong • RE/MAX REAL ESTATE CENTRE INC. BROKERAGE-3

$999,900

Est. payment /mo

$999,900

Est.Price: ?

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305 Lorne Avenue Kitchener, ON N2M 3Y9

7 Beds

4 Baths

2,083 SqFt

SOLD DATE : 08/14/2025

Key Details

Sold Price $999,900

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Sold

Purchase Type For Sale

Square Footage 2,083 sqft

Price per Sqft $480

MLS Listing ID 40712559

Bedrooms 7

Year Built 1964

Annual Tax Amount $5,765

Property Sub-Type Multi-3 Unit

Property Description

Well maintained and updated investment property, this all-brick multi-plex offers 3,149 sq ft of living space across 3 levels. This property includes two 3-bed units on the main and upper floors, each with a 4-pc bathroom, functional kitchen, and separate living/dining area. The 3rd floor unit also features a private balcony, offering a great spot to unwind and enjoy the outdoors. The lower-level offers a 1-bed unit with a 3-pc ensuite bath, kitchen and living room. Addition bachelor unit is bright and airy, thanks to its large windows, which allow natural light to flow through the space. The property is complemented by a 20x20 ft detached double garage/workshop providing potential additional income. Tenants can take advantage of the common area laundry room and the convenience of an on-site open-surface parking lot. With 3 long-standing tenants already in place and one vacant 3bedroom unit, this multi-plex presents a fantastic investment opportunity, providing immediate rental income and option for owner occupied unit as well. Location is a key selling point for this property. In a highly desirable rental area, residents enjoy easy access to the Laurentian Hills Power Centre, where grocery stores, restaurants, and essential services are all within reach. Numerous parks provide scenic walking and biking trails, making it perfect for those who enjoy an active lifestyle. Nearby McLennan Park, provides a variety of outdoor activities such as mountain biking trails, a toboggan hill, dog park, splash pad, and basketball courts. With several schools close by and the expressway just minutes away for easy access to the 401 and beyond, this building is ideally situated for convenience and recreation. Whether you're looking for an investment property or a multi-unit home, this multi-plex offers great potential in a highly desirable location.

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning R2

Rooms

Other Rooms Workshop

Kitchen 0

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Laundry Common Area, Shared

Exterior

Exterior Feature Balcony, Separate Hydro Meters, Storage Buildings

Parking Features Detached Garage, Garage Door Opener

Garage Spaces 2.0

Waterfront Description Lake/Pond

Roof Type Asphalt Shing

Building

Lot Description Ample Parking, City Lot, Near Golf Course, Highway Access, Hospital, Park, Playground Nearby, Public Parking, Public Transit, Schools, Shopping Nearby, Trails

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

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agent

Team Rocca

Owner

+1(905) 335-4102

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