$949,900
56 Lilac Street, Waterloo, ON N2G 3A8
, Waterloo,
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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.
- HoldoverDays: 30
- Architectural Style: 2-Storey
- Property Type: Residential Freehold
- Property Sub Type: Fourplex
- DirectionFaces: North
- GarageType: Carport
- Directions: Ottawa St S to Lilac
- Tax Year: 2025
- Parking Features: Private Double, Private
- ParkingSpaces: 7
- Parking Total: 7
- WashroomsType1: 1
- WashroomsType1Level: Main
- WashroomsType2: 1
- WashroomsType2Level: Second
- WashroomsType3: 2
- WashroomsType3Level: Basement
- BedroomsAboveGrade: 4
- BedroomsBelowGrade: 2
- Fireplaces Total: 1
- Interior Features: Water Heater
- Basement: Finished, Separate Entrance
- Cooling: Window Unit(s)
- HeatSource: Gas
- HeatType: Forced Air
- ConstructionMaterials: Brick Front
- Roof: Asphalt Shingle
- Pool Features: None
- Sewer: Sewer
- Foundation Details: Poured Concrete
- LotSizeUnits: Feet
- LotDepth: 101.23
- LotWidth: 75.46
- PropertyFeatures: Place Of Worship, Rec./Commun.Centre, School, Public Transit
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