Attention real estate investors, property developers and contractors. 45 Heiman Street Kitchener is a rare opportunity to buy up a four bedroom, three bathroom house sitting on a large corner lot (75×120). The scope of this property is awesome.
As a rental opportunity – Triplex
Enter from the back walkout into the rec room (14×24). There are two other large rooms and a bathroom and a walk up into the garage.
The main floor has front and back entrances which means this home could easily be split into top and bottom units. Besides having a large family room (15×23), living room and dining room, there is a bathroom and kitchen on the main floor.
Upstairs, there are four large bedrooms and a three-piece bathroom.
Sever and build
The home sits on a large corner lot – 75 foot frontage and 120 deep – an ideal set up to sever and sell or build upon
For developers
The property is currently zoned R2B. There are multiunit developments in the neighbourhood.
For contractors – a handyman special
Need a place to fix up and resell for profit? Need a large garage (12×40) with an attached workshop (11×21) as the home office base for your contracting business?
LRT Location
Just about a ten minute walk from the future Mill Street LRT Station, this neighbourhood is ripe for development and appreciation. The Mill Street Station Area is close to downtown Kitchener and has some of the cheapest real estate along the LRT line. The developers are already moving in. Branthaven Homes recently completed a very nice upscale 75 townhouse development in the area. It is the first of many, I suspect.
Walkability and easy access to the Conestoga Parkway
45 Heiman Street is about a 20 minute walk to Kitchener Market, Victoria Park, Kaufman Family YMCA and the Laurentian Power Centre. It is three-minute drive to the expressway.
Listing Price: $219,900
Address: 45 Heiman St, Kitchener.
Update: SOLD
