56 LILAC Street
Kitchener, Ontario
6 bed • 4 bath • Multi-family
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.
Price History
Schools
Elementary
- Queen Elizabeth Public School1 km
Public · Waterloo Region DSB · 265 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 79% met the provincial standard
- Rockway Public School1.2 km
Public · Waterloo Region DSB · 220 students
Grade 3 reading: 27% met the provincial standard · Grade 6 math: 26% met the provincial standard
- St Bernadette Catholic Elementary School1.3 km
Catholic · Waterloo CDSB · 435 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 42% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute1.1 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Eastwood Collegiate Institute1.3 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- St Mary's High School1.9 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% 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 N2G
- Population
- 14,580
- Private dwellings
- 8,284
- Median age
- 38
- Average household size
- 1.8
- Median household income
- $62,400
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
Multi-family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,927
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,927 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$189,980
Estimated Monthly Payment
$4,667
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,667/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $237/mo
Estimates only. Consult a financial advisor.
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