491 Park Street, Kitchener
491 Park Street, Kitchener
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9 Photos
- Bedrooms: 3
- Bathrooms: 1
- Living area: 1210 sqft
- MLS®: 40518606
- Type: Residential
- Added: 154 days ago
Property Details
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:1945)
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Property Information
- Sewer: Municipal sewage system
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- Stories: 2
- Basement: Unfinished, Full
- Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
- Directions: Park and Mt Hope
- Living Area: 1210
- Photos Count: 9
- Water Source: Municipal water
- Parking Total: 5
- Bedrooms Total: 3
- Structure Type: House
- Common Interest: Freehold
- Subdivision Name: 313 - Downtown Kitchener/W. Ward
- Tax Annual Amount: 3446.2
- Exterior Features: Brick, Aluminum siding
- Foundation Details: Poured Concrete
- Zoning Description: I-2, 102U
- Architectural Style: 2 Level
Room Dimensions
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