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485 Park Street Kitchener, Ontario N2G 1N7

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

$2,500,000

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:39551)

Property Details

MLS® Number 40518665
Property Type Single Family
Amenities Near By Hospital
Equipment Type None
Features Paved Driveway
Parking Space Total 10
Rental Equipment Type None

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Total 5
Appliances Dishwasher, Dryer, Stove, Washer, Microwave Built-in
Architectural Style 2 Level
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Semi-detached
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding
Fireplace Present No
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
Land Amenities Hospital
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 55 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/26333094/485-park-street-kitchener

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