Get $1,313 Cash Back
87 LANCASTER Street, Kitchener — listed at $525,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Legal duplex plus extra unit in a prime area, desirable East Ward. Perfect for entry level investors or adding to existing portfolio. The buyer may choose to live there since one unit is available now. 3 x 1 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen. Close to expressway and shopping,transit. Currently unit 1 pays $ 1144/month, unit 2 $1144/month plus projected rent for another 1 bedroom is $1400/month. Developer, builder opportunity to buy next door(93 Lancaster) so it makes good development project (id:60164)
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Who is 87 LANCASTER Street best suited for?+
With 0 bedrooms and 0 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What's the parking situation?+
This property includes 4 spaces.
Is this a good starter home?+
At $525,000, this is priced in starter-home territory for Kitchener. Factor in property taxes when calculating your true monthly cost.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,133, heating is forced air. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
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