47
56 Lilac Street
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$949,900 Sale
Listed 19 hours ago
Ā· 4+2
Ā· 4
Ā· 7
Ā· 2000-2500
Listing History
Buy/Sell/Terminated/Expired listing history for 56 Lilac Street
Key Facts
Key facts for 56 Lilac Street
Property Type
Apartment, 2-Storey
Parking
Carport 0 garage, 7 parking
MLS #
X12371102
Size
2000-2500 sqft
Basement
Finished,Separate Entrance
Listed on
2025-08-29
Lot size
75 x 101.23
Tax
$4,544.81 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
Description
Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitcheners 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 buil...ding. 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 Kitcheners most desirable areas.
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Courtesy of: CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD