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Basara.

Kitchener · Downtown/Rockway/S. Ward · Multi-family · MLS# 40802598

56 LILAC Street

$949,900

6

bed

4

bath

3,850

sqft

1950

built

Multi-family · $247/sqft

Ask an agent about this property

Listed February 3, 2026

About this home.

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. (id:59491)

The full record.

Property typeMulti-family
Year built1950
Square footage3,850 sqft
Lot size0
Bedrooms6
Bathrooms4
HeatingBaseboard heaters,Forced air, ,
CoolingNone
ListedFebruary 3, 2026

How this listing prices against Downtown/Rockway/S. Ward.

3

Sales

$316,000

Median price

14

Days on market

96.6%

% of list

41

Active listings

N/A

Months supply

Read the full Kitchenerreport →

Estimate the monthly carry.

Down payment
%($189,980)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$4,350

Principal$759,920
Total interest$545,061
Total paid$1,304,981

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

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

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56 LILAC Street, Kitchener — $949,900