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281 Lorne Avenue, Kitchener, ON, N2M 3Y9

MLS® # 40687222
new listing
Investment For Sale In Southdale, Kitchener, Ontario
$1,499,900
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
281 Lorne Avenue, Kitchener, ON
  • Advertising
Home Insurance - TD Insurance
Get a home insurance quote online for this $1,499,900 property in Kitchener
Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $1,499,900 property in Kitchener

Provided by TD Insurance
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281 Lorne Avenue, Kitchener, ON, N2M 3Y9
$1,499,900

Property Information:

Charming sixplex investment opportunity located in the Forest Hill neighborhood of Kitchener. This well-maintained property provides a solid income-generating opportunity for investors, featuring five 1-bedroom units, and one 2-bedroom unit, making it ideal for singles, couples, or small families. Recent improvements include new flooring at both the front and rear entrances, freshly painted entryways, and an updated exterior to enhance curb appeal and provide a more inviting experience for tenants. Units 1 and 2 have been recently updated with modern interiors, designed to attract quality tenants. The property is equipped with an up-to-date fire alarm and extinguisher system, providing safety and meeting compliance standards.With stable income, recent upgrades, and potential for growth, this sixplex provides a strong combination of reliability and opportunity for investors looking to add value to their portfolio. Don’t miss out on this opportunity—schedule your showing today!

Inclusions: Other,Stove And Refrigerator In Each Unit And Coin Laundry Machine Is Included "as Is" Conditions

Exclusions : Tenant Belonging

Building Features:

  • Floor Space: 4000 Square Feet

Property Features:

  • Bedrooms: 7
  • Acres Range: < 0.5
  • Basement: None
  • Built in: 1965
  • Construction Materials: Brick, Vinyl Siding
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 4000 Square Feet
  • Heating: Baseboard, Natural Gas, Radiant
  • Laundry Features: Coin Operated
  • Lot Features: Highway Access, Park, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 92.57 Feet
  • Parking Features: Mutual/Shared
  • Roof: Flat
  • Security Features: Alarm System, Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: R2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 7

Courtesy of: RIGHT AT HOME REALTY BROKERAGE

Data provided by: Mississauga Real Estate Board 3450 Ridgeway Dr. #1, Mississauga, Ontario L5L 0A2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Sales/Price History

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Location of 281 Lorne Avenue, Kitchener, ON, N2M 3Y9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 281 Lorne Avenue , experiences 7 hot days per year at around 30.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past
30.8℃
2050
34.3℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 281 Lorne Avenue , experiences 11 significant 2-day storms per year, with about 320.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 397.8mm of precipitation per year.

Precipitation Per Storm

Past
320.2mm
2050
397.8mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 281 Lorne Avenue, Kitchener, ON, N2M 3Y9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,194.76

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.28 %

High school certificate or equivalent

32.28 %

Apprenticeship trade certificate/diploma

6.8 %

College/non-university certificate

20.14 %

University certificate (below bachelor)

2.16 %

University Degree

14.34 %

Commuter

Travel To Work

By Car

88.31 %

By Public Transit

8.7 %

By Walking

1.9 %

By Bicycle

0.07 %

By Other Methods

1.02 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

64.56 %

Houses

35.44 %

Own Vs. Rent

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