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$550,000

233 LANCASTER Street E, Kitchener, Ontario, N2H 1N5

MLS® # 40839600

Kitchener ON, N2H 1N5

MLS® # 40839600

Property Information:

Wow! An incredible opportunity to own a versatile triplex in the heart of Kitchener, with over 1,800 sqft of thoughtfully designed living space across 3 self-contained units, ideal for investors or multi-generational living at an attainable price point. Step inside and experience a property that balances functionality with character. The main level hosts 2 ground-floor units, perfect for ease of access: a bright 2-bedroom suite featuring updated luxury vinyl plank flooring and eye-catching exposed brick accents in the bedroom/kitchen, alongside a well-appointed 1-bedroom unit with warm hardwood floors, a spacious dual closet, and a private rear entry off the parking area. Upstairs, the 3rd unit offers a light-filled 2-bed layout with open-concept kitchen/living/dining space, updated flooring, and charming sloped ceilings adding architectural interest, complemented by views of mature trees. Each unit is finished in neutral tones and includes its own 4-pc bathroom, creating comfortable, independent living spaces. The partially finished basement adds more flexibility, complete with a 3-pc bath and expansive storage—offering endless potential for additional use or future value. Outside, a newly fenced yard and parking for 4+ vehicles enhance both convenience and appeal. Set in the historic Central Frederick neighbourhood, this location delivers the best of urban living with a strong sense of community. Enjoy being just minutes from downtown Kitchener, with easy access to local favourites like Centre In The Square, the vibrant Kitchener Market, and the Kitchener Memorial Auditorium. Everyday essentials, parks, and transit are all within reach, while nearby schools—including St. Anne’s, Suddaby Public School, and Cameron Heights Collegiate Institute—add to the area’s practicality. This is a neighbourhood known for its character, walkability, and connectivity—making it a compelling choice for tenants and homeowners alike, and a smart addition to any real estate portfolio. (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Brick, Vinyl siding
  • Floor Space: 1818 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 3
  • Amenities Nearby: Park, Playground, Public Transit, Schools, Shopping
  • Built in: 1880
  • Community Features: Community Centre
  • Floor Space (approx): 1818 Square Feet
  • Lot Frontage: 47 Feet
  • Zoning: SGA-2
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 4

Courtesy of: Keller Williams Innovation Realty, KELLER WILLIAMS INNOVATION REALTY

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 233 LANCASTER Street E, Kitchener, Ontario, N2H 1N5

Demographic Information of 233 LANCASTER Street E, Kitchener, Ontario, N2H 1N5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$93,576.40

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.31 %

High school certificate or equivalent

25.59 %

Apprenticeship trade certificate/diploma

4.02 %

College/non-university certificate

23.37 %

University certificate (below bachelor)

1.33 %

University Degree

26.37 %

Commuter

Travel To Work

By Car

77.38 %

By Public Transit

9.1 %

By Walking

5.96 %

By Bicycle

0.56 %

By Other Methods

7.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.26 %

Houses

46.74 %

Own Vs. Rent