61 Mount Hope Street Kitchener, Ontario N2G 2J5
$699,900
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:45429)
Property Details
| MLS® Number | 40679732 |
| Property Type | Single Family |
| Amenities Near By | Golf Nearby, Hospital, Public Transit, Schools, Shopping |
| Community Features | Community Centre |
| Equipment Type | None |
| Features | Conservation/green Belt |
| Parking Space Total | 3 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Architectural Style | 2 Level |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding, Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,315 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access, Rail Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 33 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ins-1 & Sga-2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Primary Bedroom | 14'0'' x 10'0'' | ||
| Second Level | Bedroom | 14'0'' x 10'0'' | ||
| Second Level | Bedroom | 12'0'' x 10'0'' | ||
| Main Level | Family Room | 12'0'' x 10'0'' | ||
| Main Level | Kitchen | 12'0'' x 12'0'' | ||
| Main Level | Dining Room | 10'0'' x 10'0'' |
https://www.realtor.ca/real-estate/27673220/61-mount-hope-street-kitchener
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January 19 2025 03:34:25
Waterloo Region Association of REALTORS®
RE/MAX Twin City Realty Inc., Brokerage, RE/MAX Twin City Realty Inc.