281 Lorne Ave, Kitchener
Cashback ~$15,249
$1,499,900

281 Lorne Ave, Kitchener

Multiplex
Property type
7
Bedrooms
6
Bathrooms

Property details

Status
Active
Square feet
3500
Building type
3-Storey
Roof
Flat
A/C
None
Heating
Radiant
Foundation
Poured Concrete
Pool
None
Lot size
92.57 X 117.00
Exterior
Park
Construction
Brick
Parking spaces
7
Age
51
Updated on
2025-01-13, 5:56 p.m.
MLS® number
X11907415

Description

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. Dont miss out schedule your showing today!


$15,249 for this home
Justo provides you half of the agent’s commission on the sale.
Client Ambassador - Basma Ishaq

Here for your questions

Client Ambassador • Carolina Penuela
or call us at (315) 636-6522

Listed by: RIGHT AT HOME REALTY

Note: All the listing related information herein is deemed reliable but not guaranteed accurate by TRREB®, CREB® or MLS®. It is from sources deemed reliable, but should not be relied upon without independent verification.