This exceptional property offers a prime investment opportunity with strong potential for urban redevelopment. INCLUDES 152, 150 HOMEWOOD AND 0.676 ACRES OF LAND (3 PINS). Spanning a total of 2.647 acres, the site combines historic charm with modern practicality, including multiple residential units and an office building. The main building features 7 apartments, while the character-filled 152 Homewood residence, built in 1925, provides 2 additional units. A single-family home at 150 Homewood, built in 1940, is also part of the offering. The office building, with its raised basement and abundant natural light, has the potential to be converted into two more apartments. With parking for over 20 vehicles including a 4 car garage, each residential unit is outfitted with a fridge and stove, and a coin-operated laundry is available on-site. The property includes 0.676 acres of serene, park-like grounds at the rear, with a private, grassy, tree-lined area that borders the Iron Horse Trail, providing access to nearby bike paths and Victoria Park. Investors are advised to perform their due diligence with the City of Kitchener regarding redevelopment options. Detailed information on plumbing, electrical systems, heating, and repairs can be found in the Supplemental Documents. Don’t miss this rare chance to invest in a prime Kitchener location. (id:47423)
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Detailed Information
Lot
34 x 0 ft
Amenities Nearby
Public Transit
Communication Type
High Speed Internet
Equipment
Water Heater
Features
Southern exposure, Paved driveway, Crushed stone driveway
Listing Contract Date
2024-09-19
Location Description
West Ave to Homewood Ave.
Ownership Type
Freehold
# of Parking Spaces
20
Property Type
Office
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
E1, R5
Building
Basement Type
None
Construction Material
Concrete block, Concrete Walls
Exterior Finish
Brick, Concrete
Stories Total
3
Size (Exterior)
8680
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Land
Total Size
2.647 acres
Access Type
Road access
Acreage
Yes
Amenities
Public Transit
Sewer
Municipal sewage system
Size of Irregular Land
2.647
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