305 Lorne Avenue, Kitchener, ON

$999,900
MLS#:X12069535
7 beds
4 baths
2000-2500 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] triplex located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 7 Bedrooms and 4 Bathrooms with 4 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 50.67 x 119.02 ft lot
  • Features a ["finished", "walk-up"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater, Water Meter
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

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.

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Key Features

Bedrooms
7
Bathrooms
4
Kitchens
4
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 3, 2025
Sold price information is available to members only
Listed Date4/7/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeTriplex
ConstructionBrick
Lot Size50.67 × 119.02 Feet
CountyWaterloo
Annual Tax$5,766
Legal DescriptionLT 2 PL 1156 KITCHENER; KITCHENER

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Hospital, Park, Place Of Worship, Public Transit, School Bus Route, School

Community Features

Location

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305 Lorne Avenue, Kitchener, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 305 Lorne Avenue, Kitchener, ON N2M 3Y9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$799,920
Monthly Mortgage$4,648
Property Tax (Est.)$481
Utilities & Maint.$350
Total Monthly Cost$5,479

Strategic Fiscal Clarity

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305 Lorne Avenue, Kitchener - 7 Bed 4 Bath Home For Sale | MLS# X12069535 | ZooZaa | ZooZaa Real Estate