Added 3 months ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-6 To 12 Units
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Zoning: E1, R5
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Age: 51-99 years
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Taxes: 17863.56
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MLS®#: X9358380
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Added: Sep 19, 2024 (3 months ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: CORCORAN HORIZON REALTY
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 onsite. 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.
Property
Status: Sale
Type: Apts-6 To 12 Units
Property Type: Investment
Property Type: Apartment
Age: 51-99
Area: Kitchener
Availability Date: Flexible
Assessment Amount: $628,000
Assessment Year: 2024
Inside
Air Conditioning: N
Utilities
Utilities: Available
Building
Basement: N
Heat Type: Gas Hot Water
UFFI: No
Freestanding: Y
Outside Storage: Y
Water Supply: Municipal
Parking
Garage Type: Double Detached
Covered Parking Spaces: 16
Fees
Tax Year: 2024
Tax Legal Description: PT LT 1 PL 295 KITCHENER; PT LT 43 SUBDIVISION OF LT 17 GERMAN C
Taxes: $17,864
Taxes Type: Annual
Land
Cross Street: West Ave
Municipality District: Kitchener
Parcel Number: 224280058
Sewer: San+Storm
Lot Depth: 185.86 Feet
Lot Frontage: 34.13 Feet
Zoning: E1, R5
Additional Media
- Virtual Tour: https://unbranded.iguidephotos.com/152_homewood_ave_kitchener_on/
Commercial Specific
Rail: N
Total Area: 2.65
Total Area Metric: Acres
Area Influence: Public Transit
Crane: N
Lot Code: Lot
Survey: N
Soil Test: N
Courtland Avenue Public School
Elementary: PublicSt Bernadette Catholic Elementary School
Elementary: CatholicKing Edward Public School
Elementary: PublicSt John Catholic Elementary School
Elementary: CatholicQueensmount Public School
Elementary: PublicJ F Carmichael Public School
Elementary: PublicForest Heights Collegiate Institute
Secondary: PublicKitchener Waterloo Collegiate and Vocational School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicEastwood Collegiate Institute
Secondary: PublicSt Mary's High School
Secondary: CatholicCameron Heights Collegiate Institute
Secondary: Public
