485 Park Street Kitchener, Ontario N2G 1N7
MLS# 40679681 - Buy this house, and I'll buy Yours*

$725,000

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* (id:51158)

Property Details

MLS® Number	40679681
Property Type	Office
Amenities Near By	Hospital, Public Transit, Schools
Features	Southern Exposure

About 485 Park Street, Kitchener, Ontario

This For sale Property is located at 485 Park Street Office, in the City of Kitchener. Nearby amenities include - Hospital, Public Transit, Schools Office bedroom(s), bath(s) . 485 Park Street heating . This house features a Fireplace.

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This Kitchener's exterior is finished with Vinyl siding

The Current price for the property located at 485 Park Street, Kitchener is $725,000 and was listed on MLS on :2024-11-21 20:06:57. The current average price in the city of is $0.00. The lowest price listed on MLS for a listing is $0.00. The highest priced 's in the area is prices at $0.00. The city of has 0 - 's listed on the MLS System.

Building

Basement Type	Full
Exterior Finish	Vinyl Siding
Stories Total	2
Size Exterior	2500.0000
Size Interior	2500 Sqft
Utility Water	Municipal Water

Land

Access Type	Highway Access, Rail Access
Acreage	No
Land Amenities	Hospital, Public Transit, Schools
Sewer	Municipal Sewage System
Size Frontage	56 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Ins-1 & Sga-2

https://www.realtor.ca/real-estate/27672993/485-park-street-kitchener