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$725,000
Status: For Sale
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*
| Property Type | :Residential |
|---|---|
| MLS Number | :40679661 |
| Listing Type | :Sale |
| Property Age | :Unknown Years |
| Possession Date | : |
| Last Updated | :21 Nov, 2024 (32 Days ago) |
| Source | :Waterloo Region |
| Area | :Waterloo |
|---|---|
| City | :Kitchener |
| Area Major | :4 - Waterloo West |
| Area Minor | :415 - Uptown Waterloo/Westmount |
| Postal Code | :
N2G 1N7
|
| Directions | :KING ST. W. & MT HOPE |
| Price | : $725,000 |
|---|---|
| Property Taxes | :$4493.08 |
| Tax Year | :2024 |
|---|
| Bedrooms | :4 + |
|---|---|
| No. of Rooms | :14 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Bathrooms | :3 |
|---|---|
| Approx Square Footage | :2500 sqft |
| Kitchen | :2.90 m x 4.17 m |
|---|---|
| Bedroom | :4.55 m x 4.62 m |
| Family Room | :4.17 m x 4.11 m |
| Family Room | :4.50 m x 3.81 m |
|---|---|
| Kitchen | :4.04 m x 3.56 m |
| Dining Room | :3.96 m x 2.77 m |
21 Nov, 2024
TREB #40679666
Listed
$725000
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