87 LANCASTER Street
Kitchener, Ontario
3 bed • 3 bath • Multi-family
Legal duplex plus extra unit in a prime area, desirable East Ward. Perfect for entry level investors or adding to existing portfolio. The buyer may choose to live there since one unit is available now. 3 x 1 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen. Close to expressway and shopping,transit. Currently unit 1 pays 1144/month, unit 2 1144/month plus projected rent for another 1 bedroom is 1400/month. Developer, builder opportunity to buy next door(93 Lancaster) so it makes good developing project.
Price History
Schools
Elementary
- Margaret Avenue Public School0.5 km
Public · Waterloo Region DSB · 310 students
- St Teresa Catholic Elementary School0.7 km
Catholic · Waterloo CDSB · 355 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Prueter Public School0.9 km
Public · Waterloo Region DSB · 215 students
Grade 3 reading: 58% met the provincial standard · Grade 6 math: 17% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute1.9 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Bluevale Collegiate Institute2 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School2.1 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
Multi-family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,926
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,926 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$115,000
Estimated Monthly Payment
$2,825
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,825/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $144/mo
Estimates only. Consult a financial advisor.
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