305 Lorne AVE Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2M 3Y9
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X12069535
Style 2-Storey
Bedrooms 6
Building Age 51-99
Annual Tax Amount $5,766
Tax Year 2024
Property Sub-Type Fourplex
Property 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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Finished,Walk-Up
Kitchen 4
Separate Den/Office 1
Interior
Interior Features Water Heater,Water Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Unreserved,Private,Lane,Available
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.67
Lot Depth 119.02
Total Parking Spaces 6
Building
Unit Features Hospital,Park,Place Of Worship,Public Transit,School Bus Route,School
Foundation Poured Concrete
Others
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