485 Park Street, Kitchener, Ontario

$2,195,000

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5

Beds

3

Baths

2,500

Square feet

About 485 Park Street

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:6289)

Features of 485 Park Street

Listing # 40518665
Price $2,195,000
Bedrooms 5
Bathrooms 3.00
Half Baths 1
Square Footage 2,500
Acres 0.00
Type Single Family
Sub-Type Freehold
Style 2 Level

Community Information

Address 485 Park Street
Subdivision 313 - Downtown Kitchener/W. Ward
City Kitchener
Province Ontario
Postal Code N2G1N7

Amenities

Amenities Hospital
Features Paved driveway
Parking Spaces 10
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Dryer, Stove, Washer, Microwave Built-in
Heating Natural gas Forced air
Cooling Central air conditioning
Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Aluminum siding
Foundation Poured Concrete

Listing Details

OfficeRE/MAX TWIN CITY REALTY INC., BROKERAGE

Listing Map

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