56 Lilac Street, Waterloo, Ontario N2G 3A8

Listed for:
$949,900
6 beds
4 baths
Listed 81 days ago
Fourplex for rent: 56 Lilac Street, Waterloo, Ontario N2G 3A8

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Learn more about this property
Listing provided by:
CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
MLS® number:
X12371102
Agent:
Lee S. Quaile
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About

Cross Streets: Courtland Ave E & Ottawa St S. ** Directions: Ottawa St S to Lilac St. Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitcheners 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 Kitcheners most desirable areas. (id:27476)

Property Highlights

MLS® Number
X12371102
Type
Multi-family
Land Size
75.5 x 101.2 FT
Parking Space Total
7

Building

Building Type
Fourplex
Storeys
2.00
Square Footage
2000 - 2500 sqft
Bathrooms Total
4
Bedrooms Above Ground
4
Bedrooms Total
6
Amenities
Fireplace(s) Place of Worship, Schools, Public Transit
Exterior Finish
Brick Facing
Fireplace Present
Yes
Basement Type
N/A (Finished), N/A
Basement Features
Separate entrance
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Window air conditioner

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location