Property Description for 56 LILAC Street
Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitchener’s thriving rental market. The property includes two spacious 2-bedroom/1-bath units and two comfortable 1-bedroom/1-bath units within a peaceful, non-smoking building. Current tenants are respectful working professionals, creating an ideal environment for mature renters seeking calm and comfort. The basement unit is currently vacant, giving the new owner the opportunity to set market rent and maximize income potential right away. Conveniently located just a one-minute walk to the Mill Street LRT station, and with bus routes close at hand, the property provides excellent connectivity to Uptown Waterloo, Downtown Kitchener, and surrounding areas. Tenants also benefit from two separate driveways with parking for seven vehicles, on-site coin-operated laundry, and a large shared yard with plenty of green space. With its prime location, strong tenant base, generous parking, and immediate upside potential, this property is a rare turnkey investment opportunity in one of Kitchener’s most desirable areas. (id:38686)
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Property Details
Property Tax
: N/AMLS® #
: 40764614
Home Features
Property Type
: MultiFamilySquare Footage
: 3,850 SQFTSubdivision
: 311 - Downtown/Rockway/S. Ward
Interior Features
Heating
: ["Baseboard heaters", "Forced air"]Basement
: ["Finished", "Full"]
Utilities
Sewer
: ["Municipal sewage system"]
Other
Parking Features
: ["Carport"]Exterior Features
: ["Brick", "Vinyl siding"]
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