Homes for sale - 305 Lorne AVE, Kitchener, ON N2M 3Y9

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Elevated & Co. Realty RE/MAX Escarpment Realty Inc.

elevated & co. realty - RE/MAX Escarpment Realty

hello@elevatedandco.ca +1(905) 971-6777

$ 999,900

Est. payment | -/mo

6 Beds

4 Baths

Save Virtual Tour

$ 999,900

Est. payment | -/mo

Save Virtual Tour

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

MLS Listing ID X12069535

Style 2-Storey

Bedrooms 6

Building Age 51-99

Annual Tax Amount $5,766

Tax Year 2024

Property Sub-Type Fourplex

Property Description

Well maintained and updated investment property, this all-brick purpose-built 4-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 4-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 4-plex is ideally situated for convenience and recreation. Whether you're looking for an investment property or a multi-unit home, this 4-plex offers great potential in a highly desirable location.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room No

Basement Finished, Walk-Up

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Water Heater, Water Meter

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Unreserved, Private, Lane, Available

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 50.67

Lot Depth 119.02

Total Parking Spaces 6

Building

Unit Features Hospital,Park,Place Of Worship,Public Transit,School Bus Route,School

Foundation Poured Concrete

Others

Virtual Tour https://unbranded.youriguide.com/305_lorne_ave_kitchener_on/

Listed by RE/MAX REAL ESTATE CENTRE INC.

Elevating Your Journey Home

+1(905) 971-6777

hello@elevatedandco.ca

502 Brant St, Burlington, ON, CAN

305 Lorne AVE Kitchener, ON N2M 3Y9