© 2022 Adam Patel. All Rights Reserved. Designed by Zinda Agency.
Multi-Residential Listings
416 W Lancaster Street
Kitchener
N2H 4V9
$4,445,000
Residential Income
beds: 0
baths: 0.0
18,000 sq. ft.
- Status:
- Pending
- Prop. Type:
- Residential Income
- MLS® Num:
- 40758467
Exceptional 21-unit multi-residential investment property in Kitchener with a current NOI of $243,341, reflecting a strong 5.48% cap rate on asking price. Suite mix: 1 bachelor, 12 one-bedroom, and 8 two-bedroom apartments, many with updated kitchens and baths. Gas fireplaces in each unit serve as a primary heat source, supplemented by electric baseboard heating. Tenants enjoy on-site parking and proximity to major transportation routes, retail, and amenities. Professional management in place. HST is in addition to the purchase price where applicable. Confidential rent roll and P&L available with executed attached CA.
- Property Type:
- Residential Income
- Property SubType:
- Multi Family
- Listing General Location:
- 114 - Uptown Waterloo/North Ward, 1 - Waterloo East
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Details:
- 122 x
- Lot Frontage:
- 122'
- Kitchens:
- 0
- County Or Parish:
- Waterloo
- Features:
- Attached Garage: Yes, Crops Included: No, Garage: Yes, New Construction: No
- Construction:
- Brick
- Basement:
- Full, Partially Finished
- Roof:
- Flat
- Number of Storeys:
- 4
- Number of Buildings:
- 0
- Total Floor Area:
- 18,000 sq. ft.
- Finished Area Above Grade:
- 18,000 sq. ft.
- Fireplace:
- true
- Laundry Features:
- Coin Operated, Common Area
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- None
- Heating:
- Baseboard, Electric, Fireplace(s), Natural Gas
- Hot Water Tank Owned,All Existing Fridges, Stoves, Light Fixtures, And Any Owned Hot Water Heaters/Mechanical Equipment, All In As-Is Condition.
- Water Softener, Hot Water Tank Owned
- All Tenant-Owned Appliances, Window Coverings, And Personal Belongings; Any Items Belonging To Property Management Or Contractors.
- Built-In Appliances, Separate Heating Controls, Separate Hydro Meters
- false
- No
- Off highway 7, Lancaster Street W & Union St
- No
- HST Applicable To Sale Price:
- Yes
- Features:
- Attached Garage: Yes, Crops Included: No, Garage: Yes, New Construction: No
- Zoning:
- R2
- Lot Site Features:
- Pie Shaped Lot, Highway Access, Hospital, Park, Schools
- Features:
- Attached Garage: Yes, Crops Included: No, Garage: Yes, New Construction: No
- Garage Spaces:
- 3.0
- Parking Places Covered:
- 3.0
- Parking:
- Attached Garage
- # Of Total Parking Spaces:
- 13.0
- # Of Open Parking Spaces:
- 10.0
- Driveway Parking:
- Outside/Surface/Open
- Road Frontage Type:
- Municipal Road
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Listed Date:
- Aug 07, 2025
-
View of apartment building / complex with uncovered parking -
Bird's eye view of apartment complex
-
View of apartment building / complex
-
Unfurnished living room featuring light wood-style floors, a wood stove, and a ceiling fan
-
Kitchen with appliances with stainless steel finishes, a ceiling fan, light tile patterned flooring, and brown cabinetry
-
Empty room featuring light wood finished floors and baseboards
Virtual Tour
Listed by Real Broker Ontario Ltd.
Data was last updated August 28, 2025 at 09:50 PM (UTC)
Area Statistics
- Listings on market:
- 12
- Avg list price:
- $1,762,500
- Min list price:
- $679,900
- Max list price:
- $9,999,999
- Avg days on market:
- 28
- Min days on market:
- 8
- Max days on market:
- 122
- Avg price per sq.ft.:
- $421.65
These statistics are generated based on the current listing's property type
and located in
114 - Uptown Waterloo/North Ward. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- ADAM PATEL
- RE/MAX TWIN CITY BROKERAGE
- 226-220-2561
- Contact by Email
Location
1400 Bishop Street. Cambridge, ON, N1R 6W8