485 PARK Street, Kitchener, Ontario N2G1N7

  • $2,195,000
485 PARK Street, Kitchener, Ontario N2G1N7
For Sale
485 PARK Street, Kitchener, Ontario N2G1N7
  • $2,195,000

Overview

Property ID: 90708
  • House
  • Property Type
  • 5
  • Bedrooms
  • 3
  • Bathrooms
  • 10
  • Garages
  • 2500.0

Description

Attention all investors! 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:56724)

Details

Updated on May 15, 2024 at 7:06 pm
  • Property ID: 90708
  • Price: $2,195,000
  • Property Size: 2500.0
  • Bedrooms: 5
  • Bathrooms: 3
  • Garages: 10
  • Property Type: House
  • Property Status: For Sale
  • MLS#: 40518665
  • MLS Status: Active

Additional details

  • Rooms: Array,Array,Array,Array,Array,Array,Array,Array,Array,Array,Array
  • Sewer: Municipal sewage system
  • Cooling: Central air conditioning
  • Heating: Forced air,Natural gas
  • Stories: 2
  • Basement: Unfinished,Full
  • Appliances: Washer,Dishwasher,Stove,Dryer,Microwave Built-in
  • Directions: Park & Mt Hope
  • Lot Features: Paved driveway
  • Water Source: Municipal water
  • Parking Total: 10
  • Structure Type: House
  • Common Interest: Freehold
  • Tax Annual Amount: 4028.18
  • Foundation Details: Poured Concrete
  • Zoning Description: 1-2, 102U
  • Architectural Style: 2 Level
  • Address 485 PARK Street
  • City Kitchener
  • Province Ontario
  • Postal Code N2G1N7
  • Area 313 - Downtown Kitchener/W. Ward
  • Country Canada

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