491 Park Street Kitchener, Ontario N2G 1N7
$725,000
Prime Investment Opportunity in the Heart of Midtown Kitchener-Waterloo-Attention investors & developers! This is your chance to secure a rare & exceptional investment package in the heart of Kitchener-Waterloo’s dynamic Midtown. Located just steps from Grand River Hospital, this offering includes 3 income-generating properties—485 Park Street, 491 Park Street, & 61 Mt. Hope. These properties, being sold together as a bundled package, offer unparalleled potential for income generation, development, & long-term growth. Currently occupied by tenants, these properties ensure a steady & reliable stream of rental income. Adding to their revenue potential is a 4th unit, presently utilized for storage, which can be converted into a leasable space for additional income. The zoning designations (I-2 & SGA-2) & local planning regulations allow for increased density & the development of residential units, positioning this package as a prime redevelopment opportunity. Situated in the coveted Midtown area, these properties boast an enviable location offering exceptional connectivity & urban convenience. Just a short walk to Belmont Village & Uptown Waterloo, you’ll find vibrant shopping, charming boutiques, top-tier restaurants, & thriving businesses, including Sun Life. The nearby LRT station ensures effortless commuting & seamless access to the region’s core areas, making this location highly desirable for tenants & future development. Whether you’re looking to expand your investment portfolio, maximize rental income, or capitalize on the redevelopment potential, this package represents a one-of-a-kind opportunity in one of Kitchener-Waterloo’s most sought-after areas. Don’t miss your chance to secure your stake in Kitchener-Waterloo’s flourishing real estate landscape. Contact us today for more details! *The price listed is for this property only-it does not include the cost of the other 2 properties. All 3 properties are being sold together & are not being sold separately* (id:41954)
Property Details
| MLS® Number | 40679720 |
| Property Type | Office |
| Amenities Near By | Hospital, Public Transit, Schools |
| Features | Southern Exposure |
Building
| Basement Type | Full |
| Exterior Finish | Aluminum Siding, Brick |
| Stories Total | 2 |
| Size Exterior | 1210.0000 |
| Size Interior | 1210 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Rail Access |
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 35 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ins-1 & Sga-2 |
https://www.realtor.ca/real-estate/27673221/491-park-street-kitchener
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November 21 2024 08:06:56
Kitchener-Waterloo Association of REALTORS®
RE/MAX Twin City Realty Inc., Brokerage, RE/MAX Twin City Realty Inc.