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:51158)
MLS# 40679701 – FOR SALE : 491 Park Street Kitchener – 3 Beds, 1 Baths Detached House ** 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 oth ** 491 Park Street Kitchener **
| 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 |
| 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 | 1210 Sqft |
| Type | House |
| Utility Water | Municipal Water |
| 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 |
| Level | Type | Length | Width | 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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Toronto, Mississauga, Georgetown, Milton, Acton, Guelph & Rockwood
Tony Sousa | 416-477-2620 | tony@sousasells.ca
I’m on a Mission to raise $10,000 for the Canadian Cancer Society. Losing my mom to Breast Cancer, I’ve made it my mission to help where I can. I do this by donating a portion of my income from home sales to the Canadian Cancer Society in honour of our buyer or seller and friend or family member who referred them. Who do you know that is considering buying or selling a home that you could refer? You can rest assure that not only will they get the award-winning service, but that a portion of the income we receive from the transaction will go toward a very worthy cause.
It’s easy to refer your friends, neighbours, associates or family members considering making a move. Simply call me at 416-477-2620
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