132 Young Street Kitchener, Ontario N2H 4Z4

$1,175,000

What an opportunity! This VACANT grand residence, located steps from Hibner Park, checks all the boxes! It is a very rare property that has the flexibility for so many uses. With over 3500 sq ft of finished space on two levels this circa 1890 home could be easily converted back to its original splendor as a turn of the century (no not the 2000's!) showstopper. Freshly painted throughout the interior. Originally modernized in the 1980s with features such as an over engineered and oversized double car garage that features a workshop area with cabinets, countertop and sink. A second unit that is recognized by the city was added at this time as well with separate furnaces and meters. Shared Laundry. An ESA certificate is available showing that all knob and tube wiring has been replaced. The expansive millwork throughout has been lovingly maintained as can be seen by the many pictures and virtual tours. The main floor is truly magnificent with features such as two fireplaces and woodwork that just is not available today. This space is bathed in natural light from the many windows. Relax with friends and neighbours on the two large front porches and lush back yard. Simply fantastic! There is more...so much more. With sympathetic zoning, many investors look for the opportunity to add units for additional income but find that the lot does not support this goal. Problem solved! 132 Young Street possesses a mature and private 67 x 165 foot lot which would allow for many more units. Investors and developers should explore the possibilities at City Hall to make this building and property all it can be! The City of Kitchener has approved amendments to this zoning (SGA1) which would allow up to ten units without approval from the Heritage Committee with the possibility of many more with their approval. However these amendments are dependent upon Regional and Provincial Approval. This unique home and property demands your attention and is available for easy showings! (id:50886)

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https://www.realtor.ca/real-estate/27485176/132-young-street-kitchener