For Sale

281 Lorne Avenue, Kitchener, Ontario N2M3Y9

$1,499,900

281 Lorne Avenue, Kitchener, Ontario N2M3Y9 is For Sale and has a listing price of 1,499,900. The property is located in the neighbourhood. It's been on the website for 3 Days.

  • Multi-family
    Property Type
  • Other
    Building Type
  • 7
    Bedrooms
  • 6
    Bathrooms
  • 7
    Parking Spaces
  • MLS ID: X11907415
  • Office Name RIGHT AT HOME REALTY
Property Description

Charming sixplex investment opportunity located in the Forest Hill neighborhood of Kitchener. This well-maintained property provides a solid income-generating opportunity for investors, featuring five 1-bedroom units, and one 2-bedroom unit, making it ideal for singles, couples, or small families. Recent improvements include new flooring at both the front and rear entrances, freshly painted entryways, and an updated exterior to enhance curb appeal and provide a more inviting experience for tenants. Units 1 and 2 have been recently updated with modern interiors, designed to attract quality tenants. The property is equipped with an up-to-date fire alarm and extinguisher system, providing safety and meeting compliance standards. With stable income, recent upgrades, and potential for growth, this sixplex provides a strong combination of reliability and opportunity for investors looking to add value to their portfolio. Dont miss out on this opportunity. (id:43137)

Property Details
  • Bedrooms: 7
  • MLS ID: X11907415
  • Bathrooms: 6
  • Price: $1,499,900
  • Transaction Types: For Sale
  • Ref ID: 27767010
  • Year Built: N/A
  • Building Type: Other
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
01/04/2025 40687222 $1,499,900 For Sale - -
01/04/2025 X11907415 $1,499,900 For Sale - -
02/22/2024 X8084634 Sold 03/04/2024 $1,050,000
02/22/2024 40542913 $1,200,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Kitchener
  • $734,433 Average List Price
    based on 1 year
  • 113 New Listings
    based on 30 days
  • 137 Median Days on Market
    based on 1 year
  • List vs. Selling Price 140.74 % Up
  • Sold (12mo) 243
  • Rented (12mo) 243

  • 1 Month Change +58.7%
  • 3 Month Change +55.7%
  • 6 Month Change +50.1%
Walkscore
  • 50 Walk Score
    Somewhat Walkable
  • 50 Transit Score
    Good Transit
  • 57 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    57.89%
  • Commercial
    2.88%
  • Condo
    39.04%
  • Land for Sale
    0.2%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Heating System Radiant Heat
  • Water Municipal Water
  • Exterior Brick, Vinyl Siding
  • Total Parking Spaces: 7
  • Fireplace False
  • Security Smoke Detectors
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 04/01/2025 00:00:00
  • Zoning Ur1.a
  • Agent Name: CINDY NGUYEN
  • Last Updated: 06/01/2025 04:02:51
Open House Dates
  • 1. 11/01/2025 (Start time: 1:00 PM - End time: 3:00 PM)
  • 2. 12/01/2025 (Start time: 12:00 PM - End time: 2:00 PM)
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