Address
491 PARK Street, Kitchener, ON
Price
$ 2,195,000
Property Attributes
- ID#40518606
- TypeSingle Family
- CityKitchener
- Neighbourhood313 - Downtown Kitchener-W. Ward
- Postal CodeN2G 1N7
- Style2 Level
- Price$ 2,195,000
- Bedrooms3
- Bathrooms1
- Half Bathrooms0
- Sqr Footage1210
Data Source:
Canadian Real Estate Association (CREA)
Property Description
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:7434)
General Features
| Property Type | Single Family |
|---|---|
| Zoning Description | I-2,102U |
| Building Appliances | Dishwasher,Dryer,Refrigerator,Stove,Washer |
| Building Architectural Style | 2 Level |
| Building Cooling Type | Central air conditioning |
| Location Description | Park and Mt Hope |
| Parking Space Total | 5 |
| Foundation Type | Poured Concrete |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Unfinished |
| Basement Type | Full (Unfinished) |
| Construction Style Attachment | Detached |
Exterior Features
| Sewer | Municipal sewage system |
|---|---|
| Exterior Finish | Aluminum siding,Brick |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in N2G 1N7
Price
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