277 LANCASTER Street
Kitchener, Ontario
3,000 sqft • Retail
Exceptional 4 unit commercial building with great set up. 5 hydro meters, two heating/cooling systems - newer decorative exterior stucco ,recent repaid roof, totally renovated inside. Currently a convenience there plus a unit as cannabis. Two units are occupied by the seller but could be used for retail or offices/personal services. Area 3,691 sq/ft - 12 parking spots plus many open parking spots on streets around. Total current and projected net income more than 10,000/month.Perfect investment. Great opportunity for an owner occupier to own their real estate or for an investor.
Price History
Schools
Elementary
- St Teresa Catholic Elementary School0.3 km
Catholic · Waterloo CDSB · 355 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Prueter Public School0.5 km
Public · Waterloo Region DSB · 215 students
Grade 3 reading: 58% met the provincial standard · Grade 6 math: 17% met the provincial standard
- Margaret Avenue Public School1.1 km
Public · Waterloo Region DSB · 310 students
Secondary
- Bluevale Collegiate Institute1.5 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- Rosemount - U Turn School2.3 km
Public · Waterloo Region DSB
- Kitchener Waterloo Collegiate and Vocational School2.4 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2H
- Population
- 22,456
- Private dwellings
- 11,453
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $73,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Retail in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,929
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,929 recorded sales of retail properties in Kitchener over the last 12 months.
Location
Street View
Mortgage Calculator
$458,000
Estimated Monthly Payment
$11,250
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $11,250/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $573/mo
Estimates only. Consult a financial advisor.
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