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305 Lorne Avenue Image 1

$999,900

Apr 8Multiplex For Sale
bedrooms7bed
washrooms8bath
MLS - #X12069535

305 Lorne Avenue, Kitchener, ON N2M 3Y9

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Average Price
99990000.0%
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Price Comparison

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Property Description

Property type

Multiplex

Lot size

N/A

Style

2-Storey

Approx. Area

N/A

About 305 Lorne Avenue

Well maintained and updated investment property, this all-brick purpose-multi-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 multi-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 building offers great potential in a highly desirable location.

Home Overview

Last updated

4 hours ago

Virtual tour

None

Basement information

Finished, Walk-Up

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

2024

Listed by RE/MAX REAL ESTATE CENTRE INC.

Additional Details

Basement:Finished, Walk-Up
Cooling:Central Air
Heating:Forced Air
Parking Features:Unreserved, Private, Lane, Available

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 305 Lorne Avenue

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