$ 845,000 $999,900
305 Lorne Avenue

305 Lorne Avenue

Triplex
Kitchener, Ontario N2M 3Y9
6+1 4 3+1 2+4(6) 2000-2500 sqft
6+1 4 3+1 2+4(6)
2000-2500 sqft
$ 845,000
Sold
$ 999,900 Down -15.49%
Taxes $5,766 2024
Maintenance Contact Agent
Estimated Monthly Mortgage $2193
Estimated Closing Costs $--

History

MLS®# X12069535

MLS®# X12069535

2025.06.03 Sold (-$154,900) $845,000
2025.05.16 Sold Cond. $999,900
2025.04.07 New $999,900

Details

Interior Rooms
MLS®#
copy
Type
Triplex
Style
2-Storey
Age
51-99
Size (sqft)
2000-2500
Lot Size
50.67 × 119.02 Feet
Parking
6 Total Parking Spaces
2 Detached Garage
4 Parking Spaces
Last Update
2025-06-03
Possession Date
Flexible
Listing Date
2025-04-07
Basement
Finished, Walk-Up
Fireplace
N
Heating
Gas
Pool
None
Air Conditioning
Central Air
Broker
RE/MAX REAL ESTATE CENTRE INC.

About

Well maintained and updated investment property, this all-brick purpose-multi-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 multi-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 multi-plex is ideally situated for convenience and recreation. Whether you're looking for an investment property or a multi-unit home, this building offers great potential in a highly desirable location. 4 Fridges, 4 Stoves, 1 Washer, 1 Dryer

The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.

Investment Analysis

Estimated Monthly Costs
--
per month
Estimated Closing Costs
--
Property Tax $5,766 2024 year

Schools

JK - Grade12

Elementary (JK-G8)

Fraser Rank(2018) 2624 / 3052 English
English
Fraser Rank(2018) 2657 / 3052 Catholic English
Fraser Rank(2018) 2657 / 3052 Catholic English
Fraser Rank(2018) 702 / 3052 Catholic English

Secondary (G9-G12)

Fraser Rank(2023) 142 / 747 Secondary English IB
Fraser Rank(2023) 367 / 747 Secondary Catholic English AP
Fraser Rank(2023) 238 / 747 Secondary Catholic English AP
Fraser Rank(2023) 86 / 747 Secondary Catholic English AP

Neighbourhood

Groceries
T&T Supermarket 4.9 km
50 Westmount Road, Waterloo, ON

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