151 Lancaster Street E Kitchener, Ontario N2H 1M9

$999,999

An exceptional opportunity awaits in the heart of Central Frederick! Now falling under the City of Kitchener’s Strategic Growth Area (SGA 2) zoning, this property is perfectly positioned for both immediate potential and long-term value. Designated as a Mid-Rise Growth Zone, SGA 2 zoning allows for buildings up to 8 storeys in height and supports a diverse mix of residential and commercial uses, making this an ideal site for investors, developers, and visionary end users alike. This property is already a legal duplex with separate hydro meters, offering immediate income-generating potential. Whether you're looking to live in one unit and rent out the other, or lease both for passive income, the options are flexible and financially rewarding. The progressive zoning removes minimum parking requirements, encourages intensification, and provides flexibility for substantial additions or full redevelopment. With a 10 storey multi-unit mixed-use building expected to be constructed next door, the opportunities here are truly endless. Whether you’re looking to expand, repurpose, or build new, this property offers unmatched versatility in one of Kitchener’s most dynamic and connected neighbourhoods. Or perhaps you and your family are searching for a move-in ready, turnkey home that’s centrally located near everything you could possibly need: restaurants, parks, transit, schools, the expressway, Downtown Kitchener, and more. This property blends strong investment potential with everyday convenience, making it a rare find in today’s market. Don’t miss your chance to be part of the city’s exciting growth vision. This is your opportunity to plant roots, grow your portfolio, or both. (id:63008)

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https://www.realtor.ca/real-estate/28627193/151-lancaster-street-e-kitchener