Homes for sale - 485 PARK Street, Kitchener, ON N2G1N7

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $279

Subdivision 415 - Uptown Waterloo/Westmount

MLS Listing ID 40679661

Style 2 Level

Bedrooms 4

Half Baths 2

Originating Board Cornerstone - Waterloo Region

Property Sub-Type Freehold

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! (id:24570)

Location

Province ON

Rooms

Extra Room 1 Second level 9'6'' x 11'6'' Bedroom

Extra Room 2 Second level 9'6'' x 9'3'' Bedroom

Extra Room 3 Second level Measurements not available 4pc Bathroom

Extra Room 4 Second level 14'11'' x 15'2'' Bedroom

Extra Room 5 Main level Measurements not available 2pc Bathroom

Extra Room 6 Main level 13'5'' x 13'5'' Bedroom

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Architectural Style 2 Level

Others

Ownership Freehold