281 Lorne Avenue, Kitchener, Ontario

$1,499,900

Previous Next

7

Beds

6

Baths

4,000

Square feet

About 281 Lorne Avenue

Charming Sixplex Investment Opportunity in Forest Hill, Kitchener This well-maintained sixplex offers a fantastic income-generating opportunity for investors, located in the desirable Forest Hill neighborhood of Kitchener. The property features five 1-bedroom units and one 2-bedroom unit, making it perfect for singles, couples, or small families. Recent upgrades have enhanced both the interior and exterior of the property. The front and rear entrances have been updated with new flooring, freshly painted entryways, and a refreshed exterior to boost curb appeal and provide a welcoming experience for tenants. Units 1 and 2 have undergone modern renovations to attract high-quality tenants. The property is fully equipped with an up-to-date fire alarm and extinguisher system, ensuring safety and compliance with industry standards. Additional Income Potential: A unique opportunity exists for the buyer to further increase income by extending the existing building with the addition of a small house or triplex. Buyer to conduct due diligence before proceeding. With stable income, recent improvements, and significant growth potential, this sixplex is a strong investment opportunity for those looking to add value to their portfolio. Don’t miss out—schedule your showing today! (id:36535)

Features of 281 Lorne Avenue

Listing # 40687222
Price $1,499,900
Bedrooms 7
Bathrooms 6.00
Square Footage 4,000
Acres 0.00
Year Built 1965
Type Multi-family
Sub-Type Freehold

Community Information

Address 281 Lorne Avenue
Subdivision 325 - Forest Hill
City Kitchener
Province Ontario
Postal Code N2M3Y9

Amenities

Amenities Park, Public Transit, Schools, Shopping
Features Shared Driveway, Laundry- Coin operated
Parking Spaces 7
Is Waterfront No
Has Pool No

Interior

Appliances Water softener
Heating Natural gas Baseboard heaters, Radiant heat
Cooling None
Fireplace No
# of Stories 3
Has Basement No
Basement Type None

Exterior

Exterior Brick, Vinyl siding
Foundation Poured Concrete

Listing Details

OfficeCourtesy Of Cindy Nguyen Of RIGHT AT HOME REALTY BROKERAGE

Listing Map