305 Lorne Avenue Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2M 3Y9
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,083 sqft
Price per Sqft $480
MLS Listing ID 40712559
Bedrooms 7
Abv Grd Liv Area 3,149
Originating Board Waterloo Region
Year Built 1964
Annual Tax Amount $5,765
Property Sub-Type Multi-4 Unit
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 3 - Kitchener West
Zoning R2
Direction HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE
Rooms
Other Rooms Workshop
Basement Walk-Up Access,Full,Finished
Kitchen 0
Interior
Interior Features Auto Garage Door Remote(s),Separate Heating Controls,Separate Hydro Meters
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher,Refrigerator,Stove
Laundry Common Area,Shared
Exterior
Exterior Feature Balcony,Separate Hydro Meters,Storage Buildings
Parking Features Detached Garage,Garage Door Opener
Garage Spaces 2.0
Waterfront Description Lake/Pond
Roof Type Asphalt Shing
Lot Frontage 50.75
Lot Depth 119.02
Garage Yes
Building
Lot Description Ample Parking,City Lot,Near Golf Course,Highway Access,Hospital,Park,Playground Nearby,Public Parking,Public Transit,Schools,Shopping Nearby,Trails
Faces HOMER WATSON BLVD RIGHT ON HOFFMAN ST, LEFT ON KEHL ST, LEFT ON HEIMAN ST, RIGHT ON LORNE AVE
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 224950113
Ownership Freehold/None
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