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$ 949,900
Est. payment /mo
New
56 Lilac ST Waterloo, ON N2G 3A8
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X12371102
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,544
Tax Year 2025
Property Sub-Type Fourplex
Property Description
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.
Location
State ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Water Heater
Cooling Window Unit(s)
Fireplaces Number 1
Fireplaces Type Natural Gas
Inclusions Fridge x4, Stove x4, Coin washing machine & Dryer
Exterior
Parking Features Private Double, Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 75.46
Lot Depth 101.23
Total Parking Spaces 7
Building
Foundation Poured Concrete
Others
Senior Community No
Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD