Primary photo of 56 LILAC Street, Kitchener
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Fourplex For Sale

$949,900

MLS® Number: 40830330

Bedrooms

6

Bathrooms

4

Floor Area

3,899

Year Built

1950

56 LILAC Street, Kitchener, Ontario

About This Property

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.

Property Details

Interior Details

Basement

Finished, Full

Bathrooms Total

4

Bedrooms Total

6

Cooling

None

Heating

Baseboard heaters, Forced air

Living Area

3899 sqft

Building & Exterior

Exterior Features

Brick, Vinyl siding

Number Of Units Total

5

Parking Features

Carport

Stories

2.0

Year Built

1950

Land & Location

Community Features

Community Centre

Frontage Length

75.0 feet

Lot Features

Laundry- Coin operated

Postal Code

N2G3A8

Subdivision Name

311 - Downtown/Rockway/S. Ward

Listing & Financials

Listing Office

Chestnut Park Realty Southwestern Ontario Limited

Originating System Name

Cornerstone Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Parking Total

7

Mortgage Calculator

20% ($189,980)
5.5%
25 Years

Estimated Monthly Payment

$4,667

Principal and interest only. Actual rates may vary.

Location & Map

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