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$699,900
Available - For Sale
Listing ID: X11944079
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: $3,843.08
Assessment: $302000
Assessment Year: 2025
Address: 491 Park St , Kitchener, N2G 1N7, Ontario
Lot Size: 34.85 x 132.34 (Feet)
Acreage: < .50
Directions/Cross Streets: KING STREET W & UNION BLVD
Rooms: 0
Bedrooms: 3
Washrooms: 1
Kitchens: 1
Family Room: Y
Basement: Full
Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 11.25 9.58
Room 2: Main Dining 11.25 10.92
Room 3: Main Living 13.32 11.25
Room 4: 2nd Br 13.91 8.17
Room 5: 2nd Br 13.91 9.68
Room 6: 2nd Br 13.32 8.00
No. of Pieces Level
Washroom 1:  3 2nd
Property Type: Detached
Style: 2-Storey
Exterior: Alum Siding
Brick
Garage Type: None
(Parking/)Drive: Other
Drive Parking Spaces: 2
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1100-1500
Property Features: Hospital
Lake/Pond
Library
Park
Public Transit
School
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Sewers: Sewers
Water: Municipal
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RE/MAX TWIN CITY REALTY INC.

491 Park St , Kitchener, N2G 1N7, Ontario

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Detached
Area: Waterloo
Municipality: Kitchener
Neighbourhood:
Style: 2-Storey
Lot Size: 34.85 x 132.34(Feet)
Approximate Age: 100+
Tax: $3,843.08
Maintenance Fee: $0
Beds: 3
Baths: 1
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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