56 Lilac Street Kitchener, Ontario N2G 3A8
$949,900
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. 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 Kitchener’s most desirable areas. (id:63008)
Property Details
| MLS® Number | 40764614 |
| Property Type | Multi-family |
| AmenitiesNearBy | Place Of Worship, Public Transit, Schools |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 7 |
| RentalEquipmentType | Water Heater |
| Structure | Shed |
Building
| BathroomTotal | 4 |
| BedroomsTotal | 7 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1950 |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 3850 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Carport |
Land
| Acreage | No |
| LandAmenities | Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 101 Ft |
| SizeFrontage | 75 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R2b |
https://www.realtor.ca/real-estate/28791244/56-lilac-street-kitchener
Lee S. Quaile
Broker of Record
75 King Street South Unit 50a
Waterloo, Ontario N2J 1P2
Debbie Tsintaris
Salesperson
75 King Street South Unit 50
Waterloo, Ontario N2J 1P2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 29 2025 09:29:30
REALTORS® Association of Hamilton-Burlington
Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage