3 Bedroom
1 Bathroom
1210 sqft
2 Level
Central Air Conditioning
Forced Air
$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! Opportunities like this don’t last! (id:50976)
Property Details
|
MLS® Number
|
40679701 |
|
Property Type
|
Single Family |
|
Amenities Near By
|
Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping |
|
Community Features
|
Community Centre |
|
Equipment Type
|
None |
|
Features
|
Southern Exposure, Conservation/green Belt |
|
Parking Space Total
|
2 |
|
Rental Equipment Type
|
None |
Building
|
Bathroom Total
|
1 |
|
Bedrooms Above Ground
|
3 |
|
Bedrooms Total
|
3 |
|
Architectural Style
|
2 Level |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Aluminum Siding, Brick |
|
Foundation Type
|
Stone |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1210 Sqft |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Land
|
Access Type
|
Highway Access, Highway Nearby, Rail Access |
|
Acreage
|
No |
|
Land Amenities
|
Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping |
|
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 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
3pc Bathroom |
|
|
Measurements not available |
|
Second Level |
Bedroom |
|
|
13'4'' x 8'0'' |
|
Second Level |
Bedroom |
|
|
13'11'' x 9'8'' |
|
Second Level |
Bedroom |
|
|
13'11'' x 8'2'' |
|
Main Level |
Family Room |
|
|
13'4'' x 11'3'' |
|
Main Level |
Dining Room |
|
|
11'3'' x 10'11'' |
|
Main Level |
Kitchen |
|
|
11'3'' x 9'7'' |
https://www.realtor.ca/real-estate/27673125/491-park-street-kitchener
