$999,900
$999,900
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305 Lorne Avenue Kitchener, ON N2M 3Y9
7 Beds
4 Baths
2,083 SqFt
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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