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FOR SALE
$725,000

491 Park Street
Kitchener, ON N2G 1N7

Other
Commercial
1,210
Sq. Ft.
N/A
Acre Lot
Courtesy: RE/MAX TWIN CITY REALTY INC., BROKERAGE
Last Updated: 12/13/2024 11:58 PM
Prime Investment Opportunity in the Heart of Midtown Kitchener-Waterloo-Attention investors & developers! This is your chance to secure a rare & exceptional investment package in the heart of Kitchener-Waterloo s dynamic Midtown. Located just steps from Grand River Hospital, this offering includes 3 income-generating properties 485 Park Street, 491 Park Street, & 61 Mt. Hope. These properties, being sold together as a bundled package, offer unparalleled potential for income generation, development, & long-term growth. Currently occupied by tenants, these properties ensure a steady & reliable stream of rental income. Adding to their revenue potential is a 4th unit, presently utilized for storage, which can be converted into a leasable space for additional income. The zoning designations (I-2 & SGA-2) & local planning regulations allow for increased density & the development of residential units, positioning this package as a prime redevelopment opportunity. Situated in the coveted Midtown area, these properties boast an enviable location offering exceptional connectivity & urban convenience. Just a short walk to Belmont Village & Uptown Waterloo, you ll find vibrant shopping, charming boutiques, top-tier restaurants, & thriving businesses, including Sun Life. The nearby LRT station ensures effortless commuting & seamless access to the region s core areas, making this location highly desirable for tenants & future development. Whether you re looking to expand your investment portfolio, maximize rental income, or capitalize on the redevelopment potential, this package represents a one-of-a-kind opportunity in one of Kitchener-Waterloo s most sought-after areas. Don t miss your chance to secure your stake in Kitchener-Waterloo s flourishing real estate landscape. Contact us today for more details! *The price listed is for this property only-it does not include the cost of the other 2 properties. All 3 properties are being sold together & are not being sold separately*
40679720
Other, 1 Story
Waterloo
1.5
Aluminum Siding, Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: RE/MAX TWIN CITY REALTY INC., BROKERAGE
This content last refreshed on 12/13/2024 11:58 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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