30 Stewart Street, Kitchener

This home could be a perfect starter home for the right buyer and there are some big things going on with the land in the future to be aware of. Lots of great things about this neighbourhood that work great for a family home in this great location .....but eventually this may happen: ***VERY IMPORTANT*** Recent Zoning change: Google purchased some land on the end of the street and built a multilevel parking facility for their staff on a different campus via shuttles. The zoning was always M2 which is light industrial and some residential but the city changed the zoning for the area at their expense. The new zoning is SGA-4 which allows high rises with unlimited height to be built. This would be a perfect opportunity for someone to purchase, rent it out and then hang onto it until there is a builder knocking on the door down the road. End******** This three bedroom bungalow is located on a dead end street and has a detached garage with a previously renovated main floor. The newer kitchen, main floor carpeting and appliances give it a crisp look. The basement was previously finished but it is in need of improvement presently. When you step outside you will notice the high rises in the horizon. The location is also across the road from Home Hardware and a major transit hub. All in all this is a great opportunity to make some sweat equity now and some good return down the road. Current condition reflects lived-in use: smoke odour is noticeable but removable with ozone treatment and minor refreshes. Carpets and paint are recent; roof and furnace are serviceable. No major structural issues noted. This is a where a handyman or investor can play: rent as-is for cash flow or renovate for higher returns while holding for rezoning upside. See realtor remarks for offer instructions.