305 Lorne Avenue Kitchener, Ontario N2M 3Y9
$999,900
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. (id:50787)
Property Details
| MLS® Number | X12069535 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Features | Lane |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
| Structure | Workshop |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 7 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Features | Walk-up |
| Basement Type | N/a (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2000 - 2500 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage | |
| Shared |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 119 Ft |
| Size Frontage | 50 Ft ,8 In |
| Size Irregular | 50.7 X 119 Ft |
| Size Total Text | 50.7 X 119 Ft |
| Zoning Description | R2 |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28137431/305-lorne-avenue-kitchener
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April 08 2025 06:13:53
Toronto Real Estate Board
RE/MAX Real Estate Centre Inc.