485 PARK Street (40518651)

485 PARK Street, Kitchener, Ontario, N2G1N7
Property TypeVacant Land Lot Size0.36 acres

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:51646)


Details
Amenities NearbyHospital, Public Transit, Schools OwnershipFreehold
TransactionFor sale Zoning DescriptionI-2, 102U
Building
BasementNone Utility WaterMunicipal water
Land
Size Total0.361 ac|under 1/2 acre Size Frontage90 ft
AmenitiesHospital, Public Transit, Schools SewerMunicipal sewage system
Size Depth165 ft Size Irregular0.361

Listing Office: RE/MAX TWIN CITY REALTY INC., BROKERAGE

Data Provided by Waterloo Region Association of REALTORS®

Last Modified :19/04/2024 08:39:44 PM

Listing Office: RE/MAX TWIN CITY REALTY INC., BROKERAGE

Data Provided by Waterloo Region Association of REALTORS®

Last Modified :19/04/2024 08:39:44 PM

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