87 Lancaster Street
Kitchener, N2H 4T3
FOR SALE
$550,000
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4
BEDROOMS 3
BATHROOMS 3
KITCHENS 8
ROOMS X13600662
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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
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Property Features
None, Front Yard Parking
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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
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Listing contracted with Royal Lepage Wolle Realty
Legal duplex 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 2 bedroom unit is available. 2 x 2 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen, one window changed. Another finished unit in lower level which the buyer may work on it to make it legalized, now vacant. Corner location close to expressway and shopping, transit. Currently one unit pays 859/month plus hydro(long time there) plus projected rent for another 2 bedroom unit is 1600/month. Developer, builder opportunity to buy next door(87 Lancaster) so it makes good development project
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