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Saad Saleem Tabani
Broker of Record & Home Developer

Meet Saad Saleem Tabani

With over a decade of experience in the Canadian housing market and leading many residential development projects. At Bridge we have honed our skills to provide you with a results-driven real estate experience. We build homes, help families Bridge into their next home and navigate complex real estate trends. Learn more

77 Lancaster Street Kitchener, Ontario N2H4T3

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7
Beds
7
Baths
$1,650,000
Active Other

Property Details

Listed Date: February 5, 2025
Bedrooms: 7
Bathrooms: 7
City: Kitchener
Neighbourhood: Central Kitchener
Province: Ontario
Postal Code: N2H4T3

Property Features & Amenities

Above ground pool Air exchanger Alarm system All Aluminum siding Attached Garage Backs on greenbelt Balcony Baseboard heaters Blinds

Area Features & Amenities

Proximity to downtown Kitchener Access to public transit Close to parks and recreational facilities Shopping centers Restaurants Schools Healthcare facilities

Rooms

RoomLevelDimensions
BedroomLower level3.65 x 2.9
BathroomMain level2 x 2
BathroomSecond level2 x 2
BedroomMain level3.65 x 2.9
BedroomSecond level3.65 x 2.9
BedroomMain level3.65 x 2
BedroomMain level3.65 x 2.9
BedroomSecond level3.65 x 2.9
BathroomLower level2 x 2
BathroomMain level2 x 2
BathroomSecond level2 x 2
BathroomMain level2 x 2

Cultural & Historical Insights

Feng Shui

The property is likely to face east, which is associated with new beginnings and vitality.

Numerology

The number 77 is considered a powerful number in Chinese culture, symbolizing spiritual growth and introspection.

Historical Facts

  • Kitchener was originally known as Berlin until 1916, reflecting its rich German heritage.
  • The area has a strong industrial history, with many manufacturing companies established in the late 19th century.

Community Character

Kitchener is known for its diverse and vibrant community, featuring a mix of cultures and a strong sense of local pride. The area is family-friendly, with a variety of parks, schools, and community events that foster engagement among residents.

Proximity to downtown Kitchener in 77 Lancaster, Kitchener

Welcome to an exceptional investment opportunity with this stunning property for sale in Kitchener. Nestled in the vibrant heart of Kitchener, this well-maintained 7-unit multi-residential building is poised to generate substantial income while offering the potential for long-term appreciation. With a gross annual income of $123,000, this property is not just a residence; it’s a smart investment that promises robust cash flow as well as room for growth.

Property Features and Layout

This remarkable property features a total of seven thoughtfully designed units, comprising five one-bedroom apartments and two cozy studio apartments. Five of the seven units have already undergone renovations, showcasing modern finishes and updated interiors that are sure to attract quality tenants. The building is equipped with essential amenities, including forced air heating, natural gas, separate heating controls, and durable vinyl siding, ensuring a comfortable living environment year-round.

For the aspiring landlord or seasoned investor, this property offers a low-maintenance option that has been well cared for over the years. The presence of key appliances, such as a refrigerator, dishwasher, and stove, adds to the appeal of each unit, making it easy for tenants to settle in and feel at home.

Neighborhood Benefits and Appeal

Location is everything, and this property is strategically positioned in a high-demand rental area of Kitchener. Residents will enjoy convenient access to public transit, ensuring easy commutes to downtown Kitchener and beyond. The neighborhood is also surrounded by parks, schools, and everyday amenities, enhancing the quality of life for tenants and making this property an attractive option for renters. With Kitchener’s thriving rental market and strong demand for multi-family properties, this investment is a golden opportunity for those looking to expand their portfolio.

This well-established property not only boasts a solid rental history but also presents the potential for further value-add through additional renovations or storage solutions. Whether you are a first-time investor or looking to add to your existing portfolio, this turnkey investment is ready for you to step in and enjoy the benefits.

Don’t miss out on this exceptional property for sale in Kitchener. Schedule a viewing today to explore the full potential of this multi-residential gem and take the first step toward securing your financial future!

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