$ 2,750,000
152 Homewood AVE Kitchener, ON N2M 1W9
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$ 2,750,000
Est. payment /mo
Price Dropped by $249K
152 Homewood AVE Kitchener, ON N2M 1W9
2 SqFt
UPDATED:
11/05/2024 05:40 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $1,375,000
MLS Listing ID X9358380
Annual Tax Amount $17,863
Tax Year 2024
Property Description
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.
Location
Province ON
County Waterloo
Community Public Transit
Interior
Cooling No
Exterior
Garage Spaces 16.0
Community Features Public Transit
Utilities Available Available
Listed by CORCORAN HORIZON REALTY
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