61 MOUNT HOPE Street (40518653)

61 MOUNT HOPE Street, Kitchener, Ontario, N2G2J5
Bathrooms1 Bedrooms3
Property TypeSingle Family Building Area1315

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
EquipmentNone FeaturesPaved driveway
OwnershipFreehold Parking Spaces4
Rental EquipmentNone TransactionFor sale
Zoning DescriptionR3
Building
Bedrooms Main level3 Bedrooms Lower level0
AppliancesDishwasher, Dryer, Refrigerator, Stove, Washer Architectural Style2 Level
Basement DevelopmentUnfinished BasementFull (Unfinished)
Construction Style AttachmentDetached CoolingCentral air conditioning
Exterior FinishAluminum siding, Brick FoundationPoured Concrete
Bathrooms (Total)1 Heating FuelNatural gas
HeatingForced air Size Interior1315.0000
Storeys Total2 TypeHouse
Utility WaterMunicipal water
Land
Size Frontage33 ft SewerMunicipal sewage system
Size Depth132 ft
Level Type Dimensions
Second levelBedroom10'0'' x 10'0''
Second levelBedroom10'0'' x 10'0''
Second levelBedroom12'0'' x 10'0''
Second level3pc BathroomMeasurements not available
Main levelFamily room12'0'' x 10'0''
Main levelKitchen12'0'' x 12'0''
Main levelDining room10'0'' x 10'0''

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

Data Provided by Waterloo Region Association of REALTORS®

Last Modified :04/12/2023 03:32:06 PM

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

Data Provided by Waterloo Region Association of REALTORS®

Last Modified :04/12/2023 03:32:06 PM

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