56 Lilac Street
Kitchener (Rockway), ON N2G 3A8
- 4+2Bedrooms
- 4Bathrooms
- 7Parking
- 2000–2500Sq Ft
- $4,545Tax
- 75×101 ftLot Size
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About 56 Lilac Street, Kitchener, Rockway
Summarized Description
- Well-kept four-plex in Kitchener's rental market.
- Two spacious 2-bedroom and two 1-bedroom units.
- Located on a quiet, tree-lined street.
- One-minute walk to Mill Street LRT station.
- Parking available for seven vehicles.
- Strong tenant base of respectful professionals.
- Turnkey investment opportunity with immediate upside potential.
- Large shared yard with ample green space.
Nestled on a quiet, tree-lined street near Courtland and Ottawa, this well-kept four-plex offers both stability and potential in Kitchener's thriving rental market. The property includes two spacious 2-bedroom/1-bath units and two comfortable 1-bedroom/1-bath units within a peaceful, non-smoking building. Current tenants are respectful working professionals, creating an ideal environment for mature renters seeking calm and comfort. Conveniently located just a one-minute walk to the Mill Street LRT station, and with bus routes close at hand, the property provides excellent connectivity to Uptown Waterloo, Downtown Kitchener, and surrounding areas. Tenants also benefit from two separate driveways with parking for seven vehicles, on-site coin-operated laundry, and a large shared yard with plenty of green space. With its prime location, strong tenant base, generous parking, and immediate upside potential, this property is a rare turnkey investment opportunity in one of Kitchener's most desirable areas.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,545
- Land Transfer Tax Fee
- $15,473
Rental Items
- Rental Equipment
- Hot Water Heater
- Basement Type
- Finished, Separate Entrance
Interior Features
- Interior Extras
- Water Heater
- Fireplace/Stove
- Yes
- Fireplace Features
- Natural Gas
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Place Of Worship, Rec./Commun.Centre, School, Public Transit
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick Front
- Roof
- Asphalt Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 75.46 ft
- Lot Depth
- 101.23 ft
Inclusions
- Inclusions
- Fridge x4, Stove x4, Coin washing machine & Dryer
Exclusions
- Exclusions
- Tenants belongings
Parking & Garages
- Garage Type
- Carport
- Garage Spaces
- 0
- Parking Spaces
- 7
- Total Garage And Parking Spaces
- 7
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Window Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 4 + 2
- Washrooms
- 4
- Kitchens
- 4
- Family / bonus room
- Yes
Washrooms
- 4-piece, Main
- 4-piece, Second
- 3-piece, Basement
- Municipality
- Kitchener
- Neighbourhood
- Rockway
- Main cross streets
- Courtland Ave E & Ottawa St S
- Directions
- Courtland Ave E & Ottawa St S
- MLS® number
- X13128716
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-08-15
- Listed on
- 2026-05-14
- Days on market
- 93 days
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Home Market Value
Current home valuation for 56 Lilac Street, Kitchener, Rockway, Kitchener, ON. Listed for $949,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 56 Lilac Street, Kitchener, Rockway
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
5% on first $500K + 10% on $449,900 over $500K
$69,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $35,184 | $26,502 | $22,608 | $0 |
=Total mortgage | $914,791 | $881,412 | $830,023 | $759,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,466monthly | $4,303monthly | $4,053monthly | $3,710monthly |
Land Transfer Tax
$15,473
$15,473
Around this home
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