A detached 1.5-storey on Lancaster Street West, offered at a price that makes the numbers work. This is a project property in a central Kitchener location - the structure is sound, the footprint is generous, & the neighbourhood has continued to attract buyers willing to put in the work. Whether the plan is a gut reno, a flip, or a long-term rental hold, the fundamentals here support the investment. A buyer with a clear vision will understand what this address is worth once the work is done. {MAIN LEVEL} Living room at the front with a wood-burning fireplace & large windows overlooking the yard - a natural centrepiece that will read well to future buyers once the space is refreshed. Dining room connects through to the kitchen, currently equipped with stove & fridge. Den at the rear walks out directly to the deck & backyard - practical as a mudroom entry, home office, or part of a reconfigured rear layout depending on your plans for the space. Powder room under the stairs. {UPPER LEVEL} Two bedrooms, each with a closet. 4pc main bathroom on this level. A clean, straightforward floor plan that functions well as-is or opens up nicely with the right renovation approach.{BASEMENT}The basement runs the full footprint of the home & is completely unfinished - two sections: a utility area & a large laundry space. No prior development work to undo. The scale of this lower level makes it a strong candidate for a future basement suite, added rec room, or expanded living area, subject to applicable permits. {LOCATION} Steps to the Iron Horse Trail - 5.5km of paved multi-use trail linking downtown Kitchener to Waterloo Park & the iON LRT. Victoria Park, Kitchener's oldest park, is minutes away. Hwys 7 & 8 connect you to Guelph & the broader region. Grand River Hospital is in the neighbourhood. Downtown Kitchener restaurants, shops & daily amenities are all within walking distance.