491 Park Street Kitchener, Ontario N2G 1N7

3 Bedroom 1 Bathroom 1,210 ft2
2 Level Central Air Conditioning Forced Air

$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 40679701
Property Type Single Family
Amenities Near By Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Community Features Community Centre
Equipment Type None
Features Southern Exposure, Conservation/green Belt
Parking Space Total 2
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 1,210 Ft2
Type House
Utility Water Municipal Water

Land

Access Type Highway Access, Highway Nearby, Rail Access
Acreage No
Land Amenities Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 35 Ft
Size Total Text Under 1/2 Acre
Zoning Description Ins-1 & Sga-2

Rooms

Level Type Dimensions
Second Level 3pc Bathroom Measurements not available
Second Level Bedroom 13'4'' x 8'0''
Second Level Bedroom 13'11'' x 9'8''
Second Level Bedroom 13'11'' x 8'2''
Main Level Family Room 13'4'' x 11'3''
Main Level Dining Room 11'3'' x 10'11''
Main Level Kitchen 11'3'' x 9'7''

https://www.realtor.ca/real-estate/27673125/491-park-street-kitchener

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