87 Lancaster Street
Kitchener, N2H 4T3
FOR SALE
$550,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
4
BEDROOMS 3
BATHROOMS 3
KITCHENS 8
ROOMS X13600662
MLSID Contact Us
Property Description
Legal duplex plus extra unit in a prime area, desirable East Ward. Perfect for entry level investors or adding to existing portfolio. The buyer may choose to live there since one unit is available now. 3 x 1 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen. Close to expressway and shopping,transit. Currently unit 1 pays 1144/month, unit 2 1144/month plus projected rent for another 1 bedroom is 1400/month. Developer, builder opportunity to buy next door(93 Lancaster) so it makes good development project
Call
Property Features
None, Front Yard Parking
Call
Property Details
Address
87 Lancaster Street
City
Postal Code
N2H 4T3
Property Type
Duplex, Duplex
Lot Size
53' x 140'
Taxes
$3,134 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
Call
Listing contracted with Royal Lepage Wolle Realty
INVESTORS, DEVELOPERS & VISIONARIES! THIS ONE DESERVES YOUR ATTENTION! Here is an opportunity to acquire a MU3-ZONED, legally registered duplex in a high-traffic, HIGHLY VISIBLE location with tremendous potential for the right investor. The interior is in need of a significant overhaul, making this an ideal project for an investor or renovator looking to put their own stamp on a property and unlock its full potential. The real opportunity lies in the combination of MU3 zoning, legal duplex status, two separate units, and an exceptionally prominent location. With the right renovation strategy, this property could be transformed into a standout income-producing asset in a location where visibility and accessibility are major advantages. Whether you're looking to renovate and hold, maximize rental income, create a strong long-term investment, or explore the possibilities offered by the zoning, this property offers a compelling canvas for your vision. Properties with this combination of zoning, exposure, and existing legal duplex configuration are not everyday opportunities. The work is real, but so is the potential. Bring your plans. Bring your contractor. Bring your vision. This could be the value-add investment you've been waiting for.
Call
Call