93 LANCASTER Street
Kitchener, Ontario
3 bed • Multi-family
Legal duplex 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 2 bedroom unit is available. 2 x 2 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen, one window changed. Another finished unit in lower level which the buyer may work on it to make it legalized, now vacant. Corner location close to expressway and shopping, transit. Currently one unit pays 859/month plus hydro(long time there) plus projected rent for another 2 bedroom unit is 1600/month. Developer, builder opportunity to buy next door(87 Lancaster) so it makes good development project
Price History
Schools
Elementary
- Margaret Avenue Public School0.6 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
- 1,923
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,923 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$95,000
Estimated Monthly Payment
$2,334
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,334/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $119/mo
Estimates only. Consult a financial advisor.
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