485 PARK Street (40518665)

485 PARK Street, Kitchener, Ontario, N2G1N7
Bathrooms3 Bedrooms5
Property TypeSingle Family Building Area2500

Attention all investors! 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 EquipmentNone
FeaturesPaved driveway OwnershipFreehold
Parking Spaces10 Rental EquipmentNone
TransactionFor sale Zoning Description1-2, 102U
Building
Bedrooms Main level5 Bedrooms Lower level0
AppliancesDishwasher, Dryer, Stove, Washer, Microwave Built-in Architectural Style2 Level
Basement DevelopmentUnfinished BasementFull (Unfinished)
Construction Style AttachmentSemi-detached CoolingCentral air conditioning
Exterior FinishAluminum siding FoundationPoured Concrete
Bathrooms (Half)1 Bathrooms (Total)3
Heating FuelNatural gas HeatingForced air
Size Interior2500.0000 Storeys Total2
TypeHouse Utility WaterMunicipal water
Land
Size Frontage55 ft AmenitiesHospital
SewerMunicipal sewage system Size Depth132 ft
Level Type Dimensions
Second levelBedroom11'0'' x 10'0''
Second levelBedroom14'0'' x 15'0''
Second levelBedroom11'0'' x 9'6''
Second levelBedroom13'0'' x 13'0''
Second level3pc BathroomMeasurements not available
Second level3pc BathroomMeasurements not available
Main levelOffice15'0'' x 13'0''
Main levelBedroom13'0'' x 9'6''
Main levelKitchen13'0'' x 12'0''
Main level2pc BathroomMeasurements not available
Main levelBonus Room13'0'' x 13'0''

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

Data Provided by Waterloo Region Association of REALTORS®

Last Modified :19/04/2024 08:39:43 PM

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

Data Provided by Waterloo Region Association of REALTORS®

Last Modified :19/04/2024 08:39:43 PM

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