Quick Summary
Quick Summary
- Prime investment package in Kitchener-Waterloo's vibrant Midtown
- 3 income properties with rental income potential
- Zoning encourages increased density & residential units
- Walking distance to LRT, Sun Life, shops & restaurants
- Future redevelopment possibilities in thriving area
- Exceptional location near Grand River Hospital
- 4th storage unit could generate additional revenue
- Local planning supports 8-story developments
Attention all investors! PROPOSED SGA2 ZONING. BUILD UP TO 8 STORIES. 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,... Show More
Attention all investors! PROPOSED SGA2 ZONING. BUILD UP TO 8 STORIES. 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:54626)
Property Details
Size
Parking
Lot
Build
Heating & Cooling
Utilities
Rooms
Bedroom
8′ x 13′3″
Bedroom
9′8″ x 13′11″
Bedroom
8′2″ x 13′11″
3pc Bathroom
Bathroom
Family room
11′3″ x 13′3″
Dining room
10′11″ x 11′3″
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
Sold Nearby
- 2,000 - 2,500 Sq. Ft.
- 4
- 3
- 3
- 2
- 1,500 - 2,000 Sq. Ft.
- 3
- 2
- 1,100 - 1,500 Sq. Ft.
- 4
- 3
- 2,000 - 2,500 Sq. Ft.
- 4
- 2
- 1,100 - 1,500 Sq. Ft.
- 2
- 2
- 700 - 1,100 Sq. Ft.
- 3
- 1
- 1,100 - 1,500 Sq. Ft.
- 4
- 2
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