Property Type: Detached HouseOwnership: FreeholdNEW LISTING

87 LANCASTER Street W

Kitchener, BC N2H4T3

$499,000

2 bed1 bath6 parking2,100 sqft
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Property Details

Property & Lot

Sub-type
House
Style
Other
Stories
2
Frontage
53 feet

SGA-1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,133

Interior

Basement
Unfinished, Full
Heating
Forced air
Cooling / A/C
None
Fireplace
None
Appliances
Refrigerator, Stove

Exterior & Lot

Exterior features
Vinyl siding, Brick Veneer

Building

Foundation
Stone
Water source
Municipal water
Sewer
Sanitary sewer

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
3pc BathroomMain level
Living roomMain level8'0'' x 12'0''
KitchenMain level8'0'' x 8'4''
BedroomMain level10'0'' x 12'0''
KitchenMain level7'5'' x 7'0''
BedroomMain level8'0'' x 10'7''
Family roomMain level20'6'' x 18'0''

Listing Information

MLS®
40863123
Listed
September 15, 2026
Time on market
Listed today
Data last synced
September 15, 2026

Listing provided by: Royal LePage Wolle Realty · Data source: CREA DDF.

Description

Desirable East Ward property in a prime location. Perfect for first time buyer to live in one and rent another unit. It is a Legal duplex with extra in-law set up too. As well entry level for investors or adding to existing portfolio. Mail level 2x1 bedroom units. Once unit with access to backyard. Upper lever another nice one bedroom with spacious deck and patio. Main level unit recently renovated and vacant. All unit self contained. Could be used back as single detached residential. Most value here goes to larger lot. Developer, builder opportunity to build multiple units here. With next door for sale (93 Lancaster) it makes a great development project (id:63159)

Values & Trends

This listing

$238/sqft

Building average

No other active listings in this building

114 - Uptown Waterloo/North Ward average

$449/sqft

31 active listing(s)

Parking: 6 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Guelph

13°C

Humidity 88%

Wind SE 2 km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

25°

Thursday night

13°

Source: Environment and Climate Change Canada.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (strata, tax, utilities, etc.)$366.08
Total monthly cost$2,941.59
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,645.28

Cash Needed at Closing

Minimum down payment$24,950
Estimated BC PTT$7,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,430

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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