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Key Details
Sold Price $400,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,086 sqft
Price per Sqft $368
MLS Listing ID 40769031
Sold Date 10/31/25
Style 1.5 Storey
Bedrooms 2
Full Baths 1
Abv Grd Liv Area 1,086
Year Built 1950
Annual Tax Amount $2,978
Property Sub-Type Detached
Source Cornerstone
Property Description
Welcome to 563 Wellington Street North, Kitchener! This home is a rare opportunity for investors, renovators, and developers alike. This 2- bedroom home sits in a prime location with excellent access to schools, shopping, public transit, and downtown amenities, making it an attractive spot for both living and future redevelopment. While the home itself is a fixer-upper, it's brimming with potential for those with a vision. Whether you're a handyman looking to bring it back to life or a renovator eager to modernize, this house provides the perfect foundation to get started. What truly sets this property apart is its zoning flexibility. According to the City of Kitchener's regulations, this lot has the potential to accommodate up to four units. This makes it an exceptional choice for flippers seeking profit, investors looking to expand their rental portfolio, or developers ready to maximize density in a growing community. 563 Wellington Street North is more than just a house, it's a project full of possibilities. With its great location, development potential, and solid investment value, it's an opportunity you won't want to miss.
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning R5
Direction Lancaster St W to Wellington St N
Rooms
Basement Full, Unfinished
Bedroom 2 2
Kitchen 1
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Water Heater Owned
Exterior
Parking Features Detached Garage, Asphalt
Garage Spaces 1.0
Roof Type Asphalt Shing
Lot Frontage 38.03
Lot Depth 120.12
Garage Yes
Building
Lot Description Urban, Highway Access, Park, Shopping Nearby
Faces Lancaster St W to Wellington St N
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 1.5 Storey
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 223070025
Ownership Freehold/None
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