87 LANCASTER Street

Uptown Waterloo/North Ward, Kitchener · MLS® 40871261

1,800 sq ft · House · Multi-family · 10 days on market

listed by Jafar Konoodi, RE/MAX Twin City Realty Inc.

realtor's description

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

property details

type: House, Multi-family
living area: 1,800 sq ft
parking: 4
property tax: $3,133 / yr
days on market: 10
MLS®: 40871261

monthly cost

$2,548/mo

Mortgage $2,287 · Tax $261

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,287/ monthly

loan $420,000

25-year amortization

down payment20% · $105,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $266,212
cash to close: $105,000; down payment; transfer tax and fees not included
total paid: $686,212

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.