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Basara.

Kitchener · Downtown Kitchener/East Ward · Multi-family · MLS# 40815911

233 LANCASTER Street E

$600,000

5

bed

3

bath

1,818

sqft

1880

built

Multi-family · $330/sqft

Ask an agent about this property

Listed March 31, 2026

About this home.

Wow! An incredible opportunity to own a versatile triplex in the heart of Kitchener, with over 1,800 sqft of thoughtfully designed living space across 3 self-contained units, ideal for investors or multi-generational living at an attainable price point. Step inside and experience a property that balances functionality with character. The main level hosts 2 ground-floor units, perfect for ease of access: a bright 2-bedroom suite featuring 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 a light-filled 2-bed layout with open-concept kitchen/living/dining space, updated flooring, and charming sloped ceilings adding architectural interest, complemented by views of mature trees. Each unit is finished in neutral tones and includes its own 4-pc bathroom, creating comfortable, 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 convenience and 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. (id:59491)

The full record.

Property typeMulti-family
Year built1880
Square footage1,818 sqft
Lot size0
Bedrooms5
Bathrooms3
HeatingForced air,, ,Natural gas
CoolingNone
ListedMarch 31, 2026

How this listing prices against Downtown Kitchener/East Ward.

11

Sales

$663,500

Median price

50

Days on market

97.3%

% of list

77

Active listings

N/A

Months supply

Read the full Kitchenerreport →

Estimate the monthly carry.

Down payment
%($120,000)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$2,748

Principal$480,000
Total interest$344,285
Total paid$824,285

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

Contact form coming soon. Click above to email directly.

233 LANCASTER Street E, Kitchener — $600,000