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491 Park Street Kitchener, Ontario N2G 1N7

1210 sqft

$725,000

Prime Investment Opportunity in the Heart of Midtown Kitchener-Waterloo-Attention investors & developers! This is your chance to secure a rare & exceptional investment package in the heart of Kitchener-Waterloo’s dynamic Midtown. Located just steps from Grand River Hospital, this offering includes 3 income-generating properties—485 Park Street, 491 Park Street, & 61 Mt. Hope. These properties, being sold together as a bundled package, offer unparalleled potential for income generation, development, & long-term growth. Currently occupied by tenants, these properties ensure a steady & reliable stream of rental income. Adding to their revenue potential is a 4th unit, presently utilized for storage, which can be converted into a leasable space for additional income. The zoning designations (I-2 & SGA-2) & local planning regulations allow for increased density & the development of residential units, positioning this package as a prime redevelopment opportunity. Situated in the coveted Midtown area, these properties boast an enviable location offering exceptional connectivity & urban convenience. Just a short walk to Belmont Village & Uptown Waterloo, you’ll find vibrant shopping, charming boutiques, top-tier restaurants, & thriving businesses, including Sun Life. The nearby LRT station ensures effortless commuting & seamless access to the region’s core areas, making this location highly desirable for tenants & future development. Whether you’re looking to expand your investment portfolio, maximize rental income, or capitalize on the redevelopment potential, this package represents a one-of-a-kind opportunity in one of Kitchener-Waterloo’s most sought-after areas. Don’t miss your chance to secure your stake in Kitchener-Waterloo’s flourishing real estate landscape. Contact us today for more details! *The price listed is for this property only-it does not include the cost of the other 2 properties. All 3 properties are being sold together & are not being sold separately* (id:49454)

Property Details

MLS® Number 40679720
Property Type Office
AmenitiesNearBy Hospital, Public Transit, Schools
Features Southern Exposure

Building

BasementType Full
ExteriorFinish Aluminum Siding, Brick
StoriesTotal 2
SizeExterior 1210.0000
SizeInterior 1210 Sqft
UtilityWater Municipal Water

Land

AccessType Rail Access
Acreage No
LandAmenities Hospital, Public Transit, Schools
Sewer Municipal Sewage System
SizeDepth 132 Ft
SizeFrontage 35 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription Ins-1 & Sga-2

https://www.realtor.ca/real-estate/27673221/491-park-street-kitchener