Investors, Flippers & Families! Rare Midtown Corner Lot with massive potential available for the first time in 40+ years! This 1902 detached home sits on a premium 40’ x 119’ corner lot in a rapidly appreciating Midtown pocket near DTK, transit, and the Spur Line Trail. Surrounded by $1M+ redevelopments, this property offers ultimate flexibility for a high-end family renovation or a high-yield investment project. The existing 2-bed, 1.5-bath character home features great bones and excellent holding value. Major mechanical updates offer immediate peace of mind, including a furnace replaced in 2025 and a newer main roof from 2020. Move in, rent out, or renovate while finalizing your permits. The high density RES-5 zoning and dual street exposure are perfectly primed for intensification under Kitchener’s Growing Together framework. Capitalize on the corner configuration for separate unit entrances and streamlined parking logistics to build cluster townhouses, a multi-unit conversion, or an accessory dwelling. Best of all, leverage the 10 unit threshold for an expedited Zoning Certificate process, bypassing complex site plans. Whether you want to restore a piece of history or build a multi-unit legacy project, this prime piece of Midtown’s future is a must-see! (id:4069)
Address
427 DUKE Street W
List Price
$399,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Bedrooms
2
Bathrooms
2
Half Bathrooms
1
Floor Area
1,086 Sq. Ft.
Lot Depth
119 ft
Frontage Length
40 ft
Year Built
1902
MLS® Number
40862461
Listing Brokerage
Royal LePage Wolle Realty
Basement Area
Full (Unfinished)
Postal Code
N2H3Y6
Zoning
RES-5/ Light Industrial
Ownership
Freehold
Parking Places (Total)
5
Site Influences
Hospital
Features
Corner Site
Community Features
Quiet Area
Appliances
Dryer, Freezer, Refrigerator, Satellite Dish, Stove, Washer
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Window air conditioner
Other Structures
Workshop, Shed
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Municipal sewage system
