491 Park Street, Kitchener, Ontario

$699,900

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3

Beds

1

Bath

1,210

Square feet

About 491 Park Street

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:6289)

Features of 491 Park Street

Listing # 40679701
Price $699,900
Bedrooms 3
Bathrooms 1.00
Square Footage 1,210
Acres 0.00
Type Single Family
Sub-Type Freehold
Style 2 Level

Community Information

Address 491 Park Street
Subdivision 415 - Uptown Waterloo/Westmount
City Kitchener
Province Ontario
Postal Code N2G1N7

Amenities

Amenities Golf Nearby, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Features Southern exposure, Conservation/green belt
Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Cooling Central air conditioning
Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Aluminum siding, Brick
Foundation Stone

Listing Details

OfficeRE/MAX TWIN CITY REALTY INC., BROKERAGE

Listing Map

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