56 LILAC Street, Kitchener, Ontario, N2G3A8

Property Description

Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitchener’s 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. 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 Kitchener’s most desirable areas. (id:64974)

Quick Facts

• Property Type: Fourplex (Freehold)
• Bedrooms: 6
• Bathrooms: 4
• Living Area: 3,850 sq ft (357.7 m²)
• Above Grade: 2,100 sq ft (195.1 m²)
• Below Grade: 1,750 sq ft (162.6 m²)
• Year Built: 1950
• Ownership: Freehold
• Attached: Yes
• Parking: 7 spaces (Carport)
• Frontage: 75 ft (22.9 m)

Costs

• Annual Taxes: $4,544.81

Listing Provided by: Chestnut Park Realty Southwestern Ontario Limited
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.