152 Homewood Avenue

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Kitchener , situated at 152 Homewood Avenue, Kitchener. This versatile property is located in a prime central area of Kitchener, offering a unique blend of potential and convenience. The building is a well-constructed multiplex, featuring a charming 2 1/2 storey design with a robust brick exterior, ensuring both durability and aesthetic appeal.

The property boasts a total of five bedrooms, making it an ideal choice for families or investors looking to capitalise on the rental market. With two kitchens available, this Multi-Family Home for sale in Kitchener provides the perfect setup for multiple households or extended family living arrangements. While the house does not include a den, family room, or additional kitchen, the layout is designed to maximise space and functionality. The total of eleven rooms, including three additional rooms, offers ample living space for various uses.

In terms of amenities, this Multi-Family Home for sale in Kitchener does not feature air conditioning, a pool, or a fireplace, which allows for a blank canvas for the new owner to customise according to their preferences. The property is unfurnished, providing the opportunity for buyers to furnish it to their taste. Heating is provided by a forced air system, and the home is connected to municipal water and sewer services, ensuring reliable utility access.

The lot measures an impressive 34 X 135 feet, and the property includes two detached garage spaces, offering convenience for vehicle storage or additional workspace. While there is no driveway, the property benefits from ample parking space for residents and guests alike. The basement is currently unfinished, presenting an opportunity for buyers to develop it further, whether for additional living space or storage.

A notable feature of this property is its expansive land area, spanning a total of 2.537 acres, which includes 0.676 acres of additional rear land. This rear section is uniquely bisected by the Iron Horse Trail, providing a picturesque, tree-lined, park-like setting that directly borders the trail. This location offers convenient access to cycling routes and the nearby Victoria Park, making it an attractive proposition for those who enjoy outdoor activities.

It is essential for prospective buyers to conduct thorough due diligence with both the City of Kitchener and the Grand River Conservation Authority prior to submitting an offer. This Multi-Family Home for sale in Kitchener presents a distinctive opportunity for those looking to invest in a property with multiple existing structures and significant land area. The potential for development and the unique characteristics of this property cannot be overstated.

Are you the one to realise the potential of this distinctive Kitchener property? With its strategic location at 152 Homewood Avenue, Kitchener, and its unique offerings, this Multi-Family Home for sale in Kitchener is not to be missed. Whether you are an investor seeking a lucrative opportunity or a family in need of ample space, this property is sure to meet your needs. Don't hesitate to explore the possibilities that await at this exceptional address.

In summary, 152 Homewood Avenue, Kitchener, stands as a testament to potential and versatility. With five bedrooms, two kitchens, and an expansive land area, this Multi-Family Home for sale in Kitchener is a rare find in today’s market. Make your move and seize this opportunity to create your ideal living space or investment property in the heart of Kitchener.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is J.F. Carmichael Public School, just 0.4 km away, offering both English and French instruction for grades K to 6, with an impressive rating of 4.7. For older children, Courtland Senior Public School, located 1.2 km away, serves grades 7 to 8, although it currently has no rating. Cameron Heights Collegiate Institute, a secondary school for grades 9 to 12, is 1.7 km from the property and boasts a solid rating of 7.7. Additionally, Kitchener-Waterloo Collegiate and Vocational School, also for grades 9 to 12, is located 1.5 km away and has a rating of 7. The area also features Catholic schools, such as St. John Catholic Elementary School (0.8 km, rating 3.8) and Resurrection Catholic Secondary School (3.5 km, rating 6.2), providing a variety of educational options. Overall, this neighborhood offers a diverse selection of schools, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, diverse community with a population of 1,504 residents. The average household size is 1.8, indicating a predominance of single-person households, as 47.58% of the population is single. The average age is 48.8 years, suggesting a mature demographic. Economically, the average household income stands at $80,600, with 13.6% of the population classified as low-income. The real estate market reflects a median property price of $680,000, while a significant majority of residents, 85.63%, are renters, highlighting a rental-dominated housing landscape. Additionally, only 1.25% of the housing stock consists of condominiums. The community also features a notable immigrant population at 28.97%, and 57.2% of residents hold a college or university degree, indicating a well-educated populace. However, a substantial portion, 53.41%, is not in the labor force, which may impact local economic activity. Households with children make up 25.93% of the community, pointing to family-oriented dynamics amidst the overall adult population. This demographic snapshot illustrates a vibrant yet complex community with unique social and economic characteristics.