281 Lorne Ave

Kitchener | | N2M 3Y9
  • 7
  • 6
  • 0

$1,499,900

Est. Mtg $5,085 /mo
  • Days on market

    225

  • Status

    New

Listing Broker RIGHT AT HOME REALTY
Since listed: 0 views

Home details

MLS #:

X11907415

Property type:
Multiplex
Style:
3-Storey
Taxes:
$6,975
Possession:
FLEXIBLE
Lot Front:
92.57   Feet
Lot Depth:
117.0   Feet
Basement:
None |
Driveway Pkg:
7
Heat:
Gas | Radiant

Description


281 Lorne Ave, , Kitchener, Ontario is a Multiplex property in Kitchener and in the community in the N2M 3Y9 postal code


Charming Sixplex Investment Opportunity in Forest Hill, Kitchener This well-maintained sixplex offers a fantastic income-generating opportunity for investors, located in the desirable Forest Hill neighborhood of Kitchener. The property features five 1-bedroom units and one 2-bedroom unit, making it perfect for singles, couples, or small families. Recent upgrades have enhanced both the interior and exterior of the property. The front and rear entrances have been updated with new flooring, freshly painted entryways, and a refreshed exterior to boost curb appeal and provide a welcoming experience for tenants. Units 1 and 2 have undergone modern renovations to attract high-quality tenants. The property is fully equipped with an up-to-date fire alarm and extinguisher system, ensuring safety and compliance with industry standards. Additional Income Potential: A unique opportunity exists for the buyer to further increase income by extending the existing building with the addition of a small house or triplex. Buyer to conduct due diligence before proceeding. With stable income, recent improvements, and significant growth potential, this sixplex is a strong investment opportunity for those looking to add value to their portfolio. Dont miss out schedule your showing today!.

Extras

.


History

Sign in for full access
List Date End Date List Price End Price Status MLS #
2024-02 2024-03 $1,200,000 $1,050,000 Sld X8084634
2025-01 2025-01 $1,499,900 $1,499,900 New X11907415

Comparables

Sign in for full access
sold Date Address List Price sold Price DOM
2024-03 281 Lorne Ave, $1,200,000 $1,050,000 12
2021-06 26 & 38 Hudson Bay Ave, $300,000 $300,000 34

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Kitchener :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 281 Lorne Ave

Based on available 3rd party data

$5802

Approximate costs per month

Mortgage
$5085 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$581 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Park
  • Public Transit
  • School
Listing Broker RIGHT AT HOME REALTY
Data Source: TRREB

Payment calculator

$5667 monthly. In association with: TD Bank
%
  • Principal and Interest
    5085 /mo
  • Property Taxes
    $581 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Daniela LaFace, Realtor

Similar properties you may like