87 Lancaster Street
Kitchener, ON
- 4 bed
- 3 bath
- approx. 1500-2000 sqft
- Duplex
- 52 days on market
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 development project
Listing Details
- Taxes (2025)
- $3,134
- Listed
- July 23, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick Front
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- None
- Lot Size
- 53 x 140 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Louisa
- Parcel Number
- 223220237
- Possession
- 30-59 days
- Occupancy
- Tenant
Included
- Inclusions
- 3 Fridges & 3 Stoves
- Rental Items
- water heater
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
Residential Freehold in Kitchener · last 12 months
- Median sold price
- $665,050
- Homes sold
- 1,900
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,900 recorded sales of residential freehold properties in Kitchener over the last 12 months.
Rooms
3 × 3-piece
Second
- Bathroom9'10" x 6'7"
- Bedroom11'6" x 9'10"
Ground
- Bathroom8'2" x 4'11"
- Bathroom4'11" x 4'11"
- Bedroom9'10" x 8'2"
- Bedroom13'1" x 9'10"
Listed by
ROYAL LEPAGE WOLLE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$110,000
Estimated Monthly Payment
$2,702
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,702/mo (20% down, 5.5%)
Taxes: $261/mo · Insurance: $138/mo
Estimates only. Consult a financial advisor.
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