305 LORNE AVENUE

Kitchener, , N2M3Y9, Canada

$999,900

Well maintained and updated investment property, this all-brick 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 building is ideally situated for convenience and recreation. Whether you're looking for an investment property or a multi-unit home, this multi-plex offers great potential in a highly desirable location.

EXTRAS: Garage door opener

Virtual Tour: https://youriguide.com/305_lorne_ave_kitchener_on/

Last updated on : Wednesday 30th of April 2025 01:45:14 PM

ADDRESS

Street : 305 LORNE AVENUE

City : Kitchener

Country : Canada

Postal Code : N2M3Y9

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PROPERTY SUMMARY

Property ID : 40712559

Building Type : Fourplex

Property Type : Multi-family

Bedrooms : 7

Bathrooms : 4

Parking : 6

Parking Type: Detached Garage

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