485 Park Street, Kitchener, Ontario

$2,195,000

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5,500

Square feet

0.36

Acres

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 # 40524826
Price $2,195,000
Bathrooms 0.00
Square Footage 5,500
Acres 0.36
Type Office
Sub-Type Freehold

Community Information

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

Amenities

Amenities Hospital, Public Transit, Schools
Utilities Natural Gas
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Aluminum siding, Brick, Vinyl siding
Foundation Poured Concrete

Listing Details

OfficeRE/MAX TWIN CITY REALTY INC., BROKERAGE

Listing Map

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