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485 Park Street Kitchener, Ontario N2G 1N7

5 Bedroom 3 Bathroom 2500
2 Level Central Air Conditioning Forced Air

$900,000

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:49454)

Property Details

MLS® Number 40443190
Property Type Single Family
Equipment Type None
Features Paved Driveway
Rental Equipment Type None

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Total 5
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer
Architectural Style 2 Level
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding
Foundation Type Poured Concrete
Half Bath Total 1
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2500
Type House
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 56 Ft
Size Total Text Under 1/2 Acre
Zoning Description 1-2, 102u

Rooms

Level Type Dimensions
Second Level Bedroom 11'0'' x 10'0''
Second Level Bedroom 14'0'' x 15'0''
Second Level Bedroom 11'0'' x 9'6''
Second Level Bedroom 13'0'' x 13'0''
Second Level 3pc Bathroom Measurements not available
Second Level 3pc Bathroom Measurements not available
Main Level Office 15'0'' x 13'0''
Main Level Bedroom 13'0'' x 9'6''
Main Level Kitchen 13'0'' x 12'0''
Main Level 2pc Bathroom Measurements not available
Main Level Bonus Room 13'0'' x 13'0''

https://www.realtor.ca/real-estate/25762341/485-park-street-kitchener

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July 10 2023 12:38:09

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