Property Details
485 PARK Street, Kitchener, Ontario, N2G1N7
Coldwell Banker Peter Benninger Realty - Kitchener
Cell: 519-901-2061
Tel: 519-742-5800
$900,000 - For sale
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:2471)
Location DescriptionPark and Mt Hope
- Property Address:485 PARK Street, Kitchener, Ontario, N2G1N7
- Property Type:Single Family
- Title:Freehold
- Lot Size:under 1/2 acre
- Acreage:under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Structure Style:House
- Bedrooms:5
- Bathrooms:3-Total 1-Partial
- Floor Space:2500
- Heating Type:Natural gas, Forced air
- Style:Detached
- Architecture Style:2 Level
- Storeys:2
- Basement Type:Full (Unfinished)
- Foundation Type:Poured Concrete
- Cooling Type:Central air conditioning
- Appliances Included:Dishwasher, Dryer, Refrigerator, Stove, Washer
- Rental Equipment:None
- Exterior Type:Aluminum siding
| Type | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 11'0'' x 10'0'' |
| Bedroom | Second level | 14'0'' x 15'0'' |
| Bedroom | Second level | 11'0'' x 9'6'' |
| Bedroom | Second level | 13'0'' x 13'0'' |
| 3pc Bathroom | Second level | Measurements not available |
| 3pc Bathroom | Second level | Measurements not available |
| Office | Main level | 15'0'' x 13'0'' |
| Bedroom | Main level | 13'0'' x 9'6'' |
| Kitchen | Main level | 13'0'' x 12'0'' |
| 2pc Bathroom | Main level | Measurements not available |
| Bonus Room | Main level | 13'0'' x 13'0'' |
REALTOR®
Coldwell Banker Peter Benninger Realty - Kitchener
Cell: 519-901-2061
Tel: 519-742-5800
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 485 PARK Street, Kitchener, Ontario, N2G1N7
- Neighbourhood Information
485 PARK Street, Kitchener, Ontario, N2G1N7
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