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:55532)
- Property Type Single Family Home
- Neighborhood N/A
- County N/A
- Property Tax N/A
- HOA/Condo/Coop Fees N/A
- Days on Site 148 Days
- MLS® Status Active
- MLS® ID Number 40518606
- SqFt Source N/A
- Year Built N/A
- Price Per SqFt $1,814
- Lot Size N/A
- Full Baths 1
- Partial Baths N/A
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Price changed to $2,195,000 | |
| 5 months ago | Listing first seen online |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Style 2 Level
- Parking Spaces 5
- Sewer Public Sewer
- Basement Full ( Unfinished)
- Number of Stories 2
- Water Public
- Zoning I-2, 102U
- Property Sub Type Single Family Residence
- Foundation Slab
Interior Features
- Cooling Central Air Conditioning
- Heating Forced AirNatural Gas
- Appliances DishwasherDryerRefrigeratorStoveWasher
- Fireplace No
Mortgage Calculator
Monthly Payment (Est.)
$0
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
This website is operated by eXp Realty Canada, located at 550 Burrard St #2300 Bentall 5, Vancouver, BC V6C 3A8, Canada.