485 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:47351)
Property Details
| MLS® Number | 40679661 |
| Property Type | Single Family |
| AmenitiesNearBy | Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping |
| CommunityFeatures | Community Centre |
| EquipmentType | None |
| Features | Southern Exposure |
| ParkingSpaceTotal | 8 |
| RentalEquipmentType | None |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| ArchitecturalStyle | 2 Level |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructionStyleAttachment | Semi-detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Stone |
| HalfBathTotal | 2 |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2500 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 56 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Ins-1 & Sga-2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 9'6'' x 11'6'' | ||
| Second Level | Bedroom | 9'6'' x 9'3'' | ||
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | 14'11'' x 15'2'' | ||
| Main Level | 2pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 13'5'' x 13'5'' | ||
| Main Level | Family Room | 13'8'' x 13'6'' | ||
| Main Level | Dining Room | 13'0'' x 9'1'' | ||
| Main Level | 2pc Bathroom | Measurements not available | ||
| Main Level | Laundry Room | Measurements not available | ||
| Main Level | Laundry Room | Measurements not available | ||
| Main Level | Kitchen | 13'3'' x 11'8'' | ||
| Main Level | Family Room | 14'9'' x 12'6'' | ||
| Main Level | Kitchen | 9'6'' x 13'8'' |
https://www.realtor.ca/real-estate/27672994/485-park-street-kitchener
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 21 2024 08:06:57
Kitchener-Waterloo Association of REALTORS®
RE/MAX Twin City Realty Inc., Brokerage, RE/MAX Twin City Realty Inc.