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Last Updated : 8 Days ago
485 Park Street, Kitchener, ON,
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485 Park Street, Kitchener MLS Number: 40679681

Kitchener, Waterloo, ON, N2G 1N7

$699,900

Price drop by $25,100

Status: For Sale

  • Area : 2500 sqft
  • Property Type: Commercial Sale (Mixed,Building and Land)
  • Property Taxes : $4493.08 (Tax Year:2024)
  • Listing Courtesy : Re/max Twin City Realty Inc., Brokerage

485 Park Street Property Description

Prime Investment Opportunity Near Grand River Hospital: This exceptional investment package offers a rare opportunity to acquire three income-generating properties strategically located near Grand River Hospital in Kitchener. The package includes 485 Park Street, 491 Park Street, and 61 Mt. Hope, being sold together as a bundled offering for a total price of $2,099,700 ($699,900 per property). Please note that these properties cannot and will not be sold separately. Currently, all three properties are fully occupied, ensuring consistent and reliable rental income. Additionally, there is a fourth unit presently utilized as storage, which could be converted into a leasable space to increase revenue potential. The zoning designations, I-2 and SGA-2, allow for increased density and redevelopment, making this an ideal opportunity for investors and developers looking to capitalize on Kitchener’s growing real estate market. The properties are conveniently situated in a high-demand area near Grand River Hospital, providing proximity to Uptown Waterloo, Belmont Village, and major employers like Sun Life. With easy access to public transit, including the LRT, this location is highly appealing for both tenants and future redevelopment projects. This investment package offers significant potential for income generation, redevelopment, and long-term value growth. Whether you're expanding your portfolio, seeking to maximize rental income, or exploring redevelopment opportunities, this package provides a solid foundation for success. Don’t miss this rare opportunity—contact us today for more details!

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485 Park Street Property Facts

Property Type :Commercial Sale
MLS Number :40679681
Listing Type :Sale
Possession Date :
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Last Updated :11 Feb, 2025 (8 Days ago)
Source :Waterloo Region
Area :Waterloo
City :Kitchener
Area Major :4 - Waterloo West
Area Minor :415 - Uptown Waterloo/Westmount
Postal Code : N2G 1N7
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Directions :KING ST W. & MT HOPE

485 Park Street Property Price & Tax Insights

Price : $699,900
Property Taxes :$4493.08
Tax Year :2024

485 Park Street, Kitchener Property Details

Place of Worship :No
Approx Square Footage :2500 sqft

485 Park Street, Kitchener - Price History

2025-01

06 Jan, 2025

TREB #40679681

Price Change

$699,900

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Rishi Raj Tiwari
Sales Representative / Broker
I agree to be contacted by Square Yards, Landlords, Property Managers for similar properties or related services. View our Privacy Policy here.
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  • $3,547
  • $1,276,661
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485 Park Street - Location Map and Landmarks

  • Grand River, Waterloo 0.17 km
  • St. Mary's General, Waterloo 2.18 km
Last Updated : 16 Hours ago
234 King Street S, Waterloo, ON
$2,695,000
  • 4909 sq-ft
Distance : 366 metre
Last Updated : 124 Days ago
173 Park Street, Waterloo, ON
$2,185,000
  • 1767 sq-ft
Distance : 398 metre
Last Updated : 124 Days ago
177 Park Street, Waterloo, ON
$1,895,000
  • 2772.46 sq-ft
Distance : 398 metre
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FAQs: 485 Park Street, Kitchener

  • Q:What is the Area Size of the 485 Park Street In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately 2500 sq. ft and is strategically located in Waterloo. The MLS No of this project is 40679681 and the Project is located in ON, Canada
  • Q: Does this Project 485 Park Street available for Sale ?

    A: The project 485 Park Street is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 485 Park Street is Offering?

    A:Square Yards is giving a Cashback of $3,500 if you buy this property from us, however there are several key features offered by the 485 Park Street. You get 0+ Beds with Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 485 Park Street, Waterloo?

    A: 485 Park Street, Waterloo comes with 0+ Beds for maximum convenience and space. There are baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Waterloo, On?

    A:Waterloo, ON is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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