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$2,750,000
Available - For Sale
Listing ID: X9358380
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.
Price $2,750,000
Taxes: $17,863.56
Tax Type: Annual
Assessment: $628000
Assessment Year: 2024
Occupancy by: Tenant
Address: 152 Homewood Ave , Kitchener, N2M 1W9, Ontario
Postal Code: N2M 1W9
Province/State: Ontario
Legal Description: PT LT 1 PL 295 KITCHENER; PT LT 43 SUBDI
Lot Size: 34.13 x 185.86 (Feet)
Directions/Cross Streets: West Ave
Zoning: E1, R5
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 2.65
Total Area Code:  Acres
Area Influences: Public Transit  
Approximatly Age: 51-99
Outside Storage: Y
Rail: N
Crane: N
Soil Test: N
Heat Type: Gas Hot Water
Central Air Conditioning: N
Sewers: San+Storm
Water: Municipal
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CORCORAN HORIZON REALTY

152 Homewood Ave , Kitchener, N2M 1W9, Ontario


 
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Type: Com - Investment
Area: Waterloo
Municipality: Kitchener
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Lot Size: 34.13 x 185.86(Feet)
Approximate Age: 51-99
Tax: $17,863.56
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