5500
$2,195,000
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:46441)
Property Details
MLS® Number
|
40524826 |
Property Type
|
Office |
Amenities Near By
|
Hospital, Public Transit, Schools |
Building
Basement Type
|
Full |
Exterior Finish
|
Aluminum Siding, Brick, Vinyl Siding |
Foundation Type
|
Poured Concrete |
Stories Total
|
2 |
Size Exterior
|
5500.0000 |
Size Interior
|
5500 |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Land Amenities
|
Hospital, Public Transit, Schools |
Sewer
|
Municipal Sewage System |
Size Depth
|
132 Ft |
Size Frontage
|
55 Ft |
Size Irregular
|
0.361 |
Size Total
|
0.361 Ac|under 1/2 Acre |
Size Total Text
|
0.361 Ac|under 1/2 Acre |
Zoning Description
|
I-2, 102u |
Utilities
https://www.realtor.ca/real-estate/26397592/485-park-street-kitchener