416 Lancaster Street W, Kitchener

Living area: 18000 square feet
Added: 4 weeks ago
Updated: 1 week ago
Last Checked: 1 week ago
Listed by: Real Broker Ontario Ltd.
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Listing description
This Other at 416 Lancaster Street W Kitchener, ON with the MLS Number 40758467 listed by Jeff Margolis - Real Broker Ontario Ltd. on the Kitchener market 4 weeks ago at $4,445,000.

Exceptional 21-unit multi-residential investment property in Kitchener with a current NOI of $243,341, reflecting a strong 5.48% cap rate on asking price. Suite mix: 1 bachelor, 12 one-bedroom, and 8 two-bedroom apartments, many with updated kitchens and baths. Gas fireplaces in each unit serve as a primary heat source, supplemented by electric baseboard heating. Tenants enjoy on-site parking and proximity to major transportation routes, retail, and amenities. Professional management in place. HST is in addition to the purchase price where applicable. Confidential rent roll and P&L available with executed attached CA. (id:1945)

Property Details Key information about 416 Lancaster Street W

Cooling: None
Heating:
- Baseboard heaters
- Electric
- Natural gas
Exterior Features: Brick

Interior Features Discover the interior design and amenities

Basement:
- Partially finished
- Full
Appliances: Water softener

Exterior & Lot Features Learn about the exterior and lot specifics of 416 Lancaster Street W

Water Source: Municipal water
Parking Features: Attached Garage

Utilities & Systems Review utilities and system installations

Sewer: Municipal sewage system

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Nearby Listings Stat Estimated price and comparable properties near 416 Lancaster Street W

Active listings

417

Min Price

$1,195

Max Price

$9,999,999

Avg Price

$1,123,045

Days on Market

54 days

Sold listings

176

Min Sold Price

Max Sold Price

$9,999,900

Avg Sold Price

$761,970

Days until Sold

61 days

Nearby Places Nearby schools and amenities around 416 Lancaster Street W

Bluevale Collegiate Institute (1.4 km)
80 Bluevale St N, Waterloo

Arabesque Café Family Restaurant (1.7 km)
869 Victoria St N, Kitchener

Mei King Restaurant (1.7 km)
82 Margaret Ave, Kitchener

Verses (1.8 km)
182 Victoria St N, Kitchener

Centre In The Square (1.9 km)
101 Queen St N, Kitchener

Kitchener City Hall (2.3 km)
200 King St W, Kitchener

Price History

Listed

August 7, 2025

by Real Broker Ontario Ltd.

For Sale

$4,445,000

416 Lancaster Street W, Kitchener

Listing description This Other at 416 Lancaster Street W Kitchener, ON with the MLS Number 40758467 listed by Jeff Margolis - Real Broker Ontario Ltd. on the Kitchener market 4 weeks ago at $4,445,000.

Nearby Listings Stat Estimated price and comparable properties near 416 Lancaster Street W

Nearby Places Nearby schools and amenities around 416 Lancaster Street W

Price History

Similar Other For Sale

Listing description
This Other at 416 Lancaster Street W Kitchener, ON with the MLS Number 40758467 listed by Jeff Margolis - Real Broker Ontario Ltd. on the Kitchener market 4 weeks ago at $4,445,000.