$734,888 - 64 Lancaster Street, Kitchener
Detached for Sale in Kitchener
47 days on market- MLS Number
- X13050036
- Property Type
- Detached
- Status
- active
- Days on Site
- 47
- Bedrooms
- 9
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Lot Size
- 3,078 sqft
- Listing Brokerage
- EXP REALTY
Welcome to 64 Lancaster Street East, a masterfully reimagined historic residence nestled next to Gordon Green in the coveted Central Frederick/East Ward neighborhood. This grand 2.5-storey home seamlessly blends classic character with a professional 2026 renovation, creating an unprecedented opportunity for high-yield investment or multi-generational living. Step inside to find soaring high ceilings, original hardwood trims, and authentic moldings that honor the home's heritage, including a stunning solid wood pocket door in the living room. The home has been strategically expanded to offer an incredible 10 total bedrooms and 3.5 modern bathrooms across four finished levels. The main and upper floors feature 7 bedrooms (1 main, 4 second-floor, 2 third-floor), while the fully finished basement provides a self-contained 3-bedroom suite with its own second full kitchen and dual washrooms. With two sets of washers and dryers and updated mechanicals, this property is a turn-key powerhouse. The expansive 74-foot frontage property includes a detached single-car garage and multiple outdoor living spaces, from a lush garden to a second-story sunroom and a covered front porch. Ideally situated just steps from the Centre In The Square, Central Library, the Waterloo Region Transit Hub, and the Kitchener Market, this home offers the perfect balance of urban convenience and historic soul. Whether you are looking for an 8% cap-rate asset or a massive family estate, this rare 10-bedroom gem is a must-see.
Estimate your monthly payments for this property
Estimated Payment
$3,770.36/mo
Includes CMHC insurance ($20,503)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kitchener
Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kitchener
- •Convenient location in Kitchener
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
64 Lancaster Street, Kitchener
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $490/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Kitchener. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 9 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kitchener.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Kitchener properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,062 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.