233 Lancaster Street, Kitchener, ON

$600,000
MLS#:X12961468
5 beds
4 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] triplex located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $600,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 4 Bathrooms with 3 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 42.25 x 90 ft lot
  • Features a ["full", "partially finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Other
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

Wow! An incredible opportunity to own a versatile triplex in the heart of Kitchener, with over 1,800 sqft of thoughtfully designed living spaceacross 3 self-contained units, ideal for investors or multi-generational living at an attainable price point. Step inside and experience a propertythat balances functionality with character. The main level hosts 2 ground-floor units, perfect for ease of access: a bright 2-bedroom suitefeaturing updated luxury vinyl plank flooring and eye-catching exposed brick accents in the bedroom/kitchen, alongside a well-appointed 1-bedroom unit with warm hardwood floors, a spacious dual closet, and a private rear entry off the parking area. Upstairs, the 3rd unit offers alight-filled 2-bed layout with open-concept kitchen/living/dining space, updated flooring, and charming sloped ceilings adding architecturalinterest, complemented by views of mature trees. Each unit is finished in neutral tones and includes its own 4-pc bathroom, creatingcomfortable, independent living spaces. The partially finished basement adds more flexibility, complete with a 3-pc bath and expansive storage-offering endless potential for additional use or future value. Outside, a newly fenced yard and parking for 4+ vehicles enhance both convenienceand appeal. Set in the historic Central Frederick neighbourhood, this location delivers the best of urban living with a strong sense of community.Enjoy being just minutes from downtown Kitchener, with easy access to local favourites like Centre In The Square, the vibrant Kitchener Market,and the Kitchener Memorial Auditorium. Everyday essentials, parks, and transit are all within reach, while nearby schools-including St. Anne's,Suddaby Public School, and Cameron Heights Collegiate Institute-add to the area's practicality. This is a neighbourhood known for its character, walkability, and connectivity-making it a compelling choice for tenants and homeowners alike, and a smart addition to any real estate portfolio.

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
3
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date4/1/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeTriplex
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementFull, Partially Finished
Lot Size42.25 × 90 Feet
CountyWaterloo
Annual Tax$5,046.77
Legal DescriptionPART LOT 4 NORTH SIDE OF CEDAR STREET AND WEST SIDE OF LANCASTER STREET PLAN 364 PARTS 13, 14 PLAN 58R22279 CITY OF KITCHENER

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Park, Public Transit, Rec./Commun.Centre, School

Interior Features

Other

Security Features

Community Features

Location

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233 Lancaster Street, Kitchener, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 233 Lancaster Street E, Kitchener, ON N2H 1N5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$480,000
Monthly Mortgage$2,789
Property Tax (Est.)$421
Utilities & Maint.$350
Total Monthly Cost$3,560

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Kitchener.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Kitchener.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$736,692

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Our Lady of Grace
Public70 Gracefield Crescent, Alpine, Kitchener, Ontario, N2E 1R9
7.3
Alpine
Public75 Lucerne Drive, Alpine, Kitchener, Ontario, N2E 1B4
5.8
Queen Elizabeth
Public191 Hoffman Street, Southdale, Kitchener, Ontario, N2M 3N2
4.0
A R Kaufman
PublicCarwood Avenue, Rockway, Kitchener, Ontario, N2G 3C5
2.0
Country Hills
Public195 Country Hill Drive, Country Hills, Kitchener, Ontario, N2E 2G7
4.4

Secondary Schools

St. Mary’s
Catholic1500 Block Line Road, Kitchener, Ontario, N2C 2S2
6.1
Eastwood
Public760 Weber Street East, Eastwood, Kitchener, Ontario, N2H 1H6
5.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.