Was listed for:Terminated Apr 3, 2025
$725,000

120 Lancaster Street W

Kitchener, ON N2H 4T6

Multiplex TerminatedNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 120 Lancaster Street W, Kitchener

2025-03-04
2025-04-03
Terminated
Price
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MLS#
x11998693

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 120 Lancaster Street W, Kitchener

Attention Developers, Builders and Investors! This property is being offered together with 118 Lancaster W. The two properties together add up to approximately half an acre of land with a depth of 285 feet which can provide you with an EXCELLENT DEVELOPMENT OPPORTUNITY. The R7 ZONING designation opens up numerous options, including the construction of townhouses, stacked townhomes and multi-residential buildings. EXCELLENT LOCATION near the GO/VIA Station, the LRT, Future Transit Hub and Expressway. Centrally located within a short distance to both Downtown Kitchener & Uptown Waterloo, close to parks, restaurants, schools, public transit, Universities, etc. This Legal Triplex offers two spacious units with two bedrooms in each which can provide good revenue until you're ready to redevelop. TAKE ADVANTAGE OF THIS OPPORTUNITY AND COME SEE IT TODAY!!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,793
Land Transfer Tax Fee
$10,975

Basement Type
Finished, Full

Interior Features

Interior Extras
Water Heater Owned
Fireplace/Stove
Yes
Fireplace Features
Natural Gas
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2 1/2 Storey
Approx Age
51-99

Construction

Exterior Finish
Vinyl Siding, Brick
Roof
Asphalt Shingle
Foundation Details
Stone
Special Designation
Unknown

Lot

Lot Front
50.00 ft
Lot Depth
264.00 ft

Inclusions

Inclusions
3 Fridges, 3 Stoves

Parking & Garages

Garage Type
Detached
Garage Spaces
0
Parking Spaces
4
Total Garage And Parking Spaces
4

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
6
Washrooms
3
Kitchens
3

Room sizes

  • Kitchen—
    Main level
  • Bedroom—
    Main level
  • Bedroom 2—
    Main level
  • Bathroom—
    Main level, 4 Pc Bath
  • Kitchen—
    Second level
  • Bedroom—
    Second level
  • Bedroom 2—
    Second level
  • Bathroom—
    Second level, 4 Pc Bath
  • Kitchen—
    Basement level
  • Bedroom 2—
    Basement level
  • Bedroom—
    Basement level
  • Bathroom—
    Basement level, 3 Pc Bath

Washrooms

  • 4-piece, Main
  • 4-piece, Second
  • 3-piece, Basement

Municipality
Kitchener
Main cross streets
Wellington
Zoning
R7
Directions
Victoria to Lancaster

MLS® number
X11998693
Data source
Toronto Regional Real Estate Board
Status change
2025-04-03
Listed on
2025-03-04
Days on market
30 days
Possession type
Flexible
Co-op commission
2% + HST
Seller
Listed by
RED AND WHITE REALTY INC.

Home Market Value

Current home valuation for 120 Lancaster Street W, Kitchener, , . Listed for $725,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 120 Lancaster Street W, Kitchener

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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Minimum Down Payment Required:6.6%

5% on first $500K + 10% on $225,000 over $500K

Minimum down payment

$47,500

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
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%
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+CMHC insurance
$27,086$20,228$17,255$0
=Total mortgage
$704,236$672,728$633,505$580,000
Amortization
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%
%
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Payment frequency
=Mortgage payment
$3,438monthly$3,285monthly$3,093monthly$2,832monthly
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Land Transfer Tax

Provincial

$10,975

Total Land Transfer Tax

$10,975

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