151 Lancaster Street E, Kitchener ON

About 151 Lancaster Street E

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:56071). Get more information on 151 Lancaster Street E

Property Features

Appliances:  Dishwasher, Dryer, Refrigerator, Stove, Water meter, Water softener, Washer, Microwave Built-in
Features:  Sump Pump
Rental Equipment:  
Directions:  Lancaster & Frederick
Zoning Description:  SGA-2
Interior Size:  1730 sqft
Fence:  Fence
Community Features:  High Traffic Area
Access:  Highway access, Rail access
Lot:  under 1/2 acre
Exterior Finish:  Brick, Stucco, Vinyl siding
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age: 
Foundation: Poured Concrete
Basement:  Full (Partially finished) Partially finished

Rooms & Sizes

3pc Bathroom Second level 6 4 x 6 3	Bedroom Second level 12 12 x 9 9	Bedroom Second level 9 6 x 8 0
Bedroom Second level 11 0 x 9 7	Primary Bedroom Second level 11 9 x 10 8	Utility room Lower level 11 0 x 8 2
Recreation room Lower level 37 9 x 20 6	2pc Bathroom Lower level 7 0 x 4 7	Bedroom Main level 9 2 x 8 0
3pc Bathroom Main level 11 0 x 6 6	Kitchen Main level 13 4 x 11 8	Dining room Main level 12 3 x 10 7
Living room Main level 15 10 x 11 7