491 PARK Street, Kitchener, Ontario N2G 1N7
$2,195,000.00
- 3 bedrooms
- 1 bathrooms
- 1,210 Square Feet
Attention all investors! PROPOSED SGA2 ZONING. BUILD UP TO 8 STORIES. This exceptional investment opportunity awaits in the heart of Kitchener-Waterloo's vibrant Midtown area. Situated directly behind the renowned Grand River Hospital, these 3 income-producing properties (485 PARK ST, 491 PARK ST, 61 MT HOPE) are bundled together, providing a prime investment package that can't be missed. Whether you wish to hold, enhance, or explore future redevelopment options, this offering is brimming with potential. Currently occupied by tenants, these 3 properties boast a steady stream of rental income. Additionally, the opportunity to lease the 4th unit, ... read more
Attention all investors! PROPOSED SGA2 ZONING. BUILD UP TO 8 STORIES. This exceptional investment opportunity awaits in the heart of Kitchener-Waterloo's vibrant Midtown area. Situated directly behind the renowned Grand River Hospital, these 3 income-producing properties (485 PARK ST, 491 PARK ST, 61 MT HOPE) are bundled together, providing a prime investment package that can't be missed. Whether you wish to hold, enhance, or explore future redevelopment options, this offering is brimming with potential. Currently occupied by tenants, these 3 properties boast a steady stream of rental income. Additionally, the opportunity to lease the 4th unit, presently utilized for storage, further adds to the revenue-generating potential. Notably, the local zoning (I-2) & planning regulations encourage increased density & the construction of residential units, positioning this property as a lucrative prospect for development. Enviably located within close proximity to Belmont Village, & a host of other thriving areas, including the vibrant Uptown Waterloo are all within walking distance, providing unparalleled urban convenience. Its exceptional location positions you just a stone's throw away from the convenient LRT, ensuring seamless & effortless commuting. Furthermore, a plethora of thriving businesses, such as Sun Life, vibrant shopping destinations, charming boutiques, & delectable restaurants, awaits you within easy reach, creating a vibrant & dynamic atmosphere for both work & leisure. Don't miss out on this remarkable investment opportunity, as it offers the perfect combination of an exceptional location, income potential, & future possibilities. Secure your stake in the heart of Kitchener-Waterloo's flourishing landscape today! (id:25417)
Price reduced $305,000 (12.2%) from the list price.
- Listing ID: 40518606
- Property Type: Single Family
Property | |
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Style: | 2 Level |
Ownership: | Freehold |
Lot Size: | Under 1/2 Acre |
Parking: | 5 Spaces |
Building | |
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Type: | Single Family House |
Appliances: | Dryer, Refrigerator, Stove, Washer and Dishwasher |
HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
Exterior: | Aluminum Siding and Brick |
Basement: | Full (Unfinished) |
Utilities: | Municipal Sewage System |
Location | |
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City: | Kitchener |
Province: | Ontario |
Rooms | Level | Dimensions |
---|---|---|
Bedroom | Second level | 13'4'' x 8'0'' |
Bedroom | Second level | 13'11'' x 9'8'' |
Bedroom | Second level | 13'11'' x 8'2'' |
3pc Bathroom | Second level | Measurements not available |
Family room | Main level | 13'4'' x 11'3'' |
Dining room | Main level | 11'3'' x 10'11'' |
Kitchen | Main level | 11'3'' x 9'7'' |
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