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Home ON Kitchener - Cambridge - Waterloo Kitchener Southdale
305 LORNE AVENUE
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305 LORNE AVENUE $999,900
$999,900
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305 LORNE AVENUE
Kitchener, Ontario N2M3Y9

MLS® Number: X12069535
6 + 1
Bedrooms
4
Bathrooms
2000 - 2500
Square Feet

Listing Description

Well maintained and updated investment property, this all-brick purpose-built 4-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 4-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 4-plex offers great potential in a highly desirable location. (40206966)

Location Description

Highland & Stirling

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
2
Square Footage
2000 - 2500 sqft
Land Size
50.7 x 119 FT
Age Of Building
51 to 99 years
Annual Property Taxes
$5,766
Parking Type
Detached Garage, Garage, Shared
Time on REALTOR.ca
19 days

Building

Bedrooms
Above Grade
6
Below Grade
1
Bathrooms
Total
4
Interior Features
Appliances Included
Water Heater, Water meter, Dryer, Stove, Washer, Refrigerator
Basement Features
Walk-up
Basement Type
N/A (Finished)
Building Features
Features
Lane
Foundation Type
Poured Concrete
Rental Equipment
Water Heater
Structures
Workshop
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit, Schools
Parking
Parking Type
Detached Garage, Garage, Shared
Total Parking Spaces
6

Measurements

Square Footage
2000 - 2500 sqft

Land

Lot Features
Frontage
50 ft ,8 in
Land Depth
119 ft
Other Property Information
Zoning Description
R2
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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