$699,900
Available - For Sale
Listing ID: X11944084
485 Park St , Kitchener, N2G 1N7, Ontario
| 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 Kitcheners 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! |
| Price | $699,900 |
| Taxes: | $4493.08 |
| Assessment: | $353000 |
| Assessment Year: | 2025 |
| Address: | 485 Park St , Kitchener, N2G 1N7, Ontario |
| Lot Size: | 55.83 x 131.52 (Feet) |
| Acreage: | < .50 |
| Directions/Cross Streets: | KING STREET W & UNION BLVD |
| Rooms: | 0 |
| Bedrooms: | 4 |
| Bedrooms +: | |
| Kitchens: | 2 |
| Family Room: | Y |
| Basement: | Full, Unfinished |
| Approximatly Age: | 100+ |
| Property Type: | Semi-Detached |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Other |
| Drive Parking Spaces: | 8 |
| Pool: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 2000-2500 |
| Property Features: | Hospital, Lake/Pond, Park, Place Of Worship, Public Transit, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Main |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX TWIN CITY REALTY INC. |
|
|
Nick Sabouri
Sales Representative
Dir:
416-735-0345
Bus:
416-494-7653
Fax:
416-494-0016
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At a Glance:
| Type: | Freehold - Semi-Detached |
| Area: | Waterloo |
| Municipality: | Kitchener |
| Style: | 2-Storey |
| Lot Size: | 55.83 x 131.52(Feet) |
| Approximate Age: | 100+ |
| Tax: | $4,493.08 |
| Beds: | 4 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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