491 Park Street Kitchener, Ontario N2G 1N7
MLS# 40679701 - 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	40679701
Property Type	Single Family
Amenities Near By	Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Community Features	Community Centre
Equipment Type	None
Features	Southern Exposure, Conservation/green Belt
Parking Space Total	2
Rental Equipment Type	None

About 491 Park Street, Kitchener, Ontario

This For sale Property is located at 491 Park Street is a Detached Single Family House 2 Level, in the City of Kitchener. Nearby amenities include - Golf Nearby, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping. This Detached Single Family has a total of 3 bedroom(s), and a total of 1 bath(s) . 491 Park Street has Forced air heating and Central air conditioning. This house features a Fireplace.

The Second level includes the 3pc Bathroom, Bedroom, Bedroom, Bedroom, The Main level includes the Family Room, Dining Room, Kitchen, The Basement is Unfinished.

This Kitchener House's exterior is finished with Aluminum siding, Brick

The Current price for the property located at 491 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

Bathroom Total	1
Bedrooms Above Ground	3
Bedrooms Total	3
Architectural Style	2 Level
Basement Development	Unfinished
Basement Type	Full (unfinished)
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding, Brick
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1210 Sqft
Type	House
Utility Water	Municipal Water

Land

Access Type	Highway Access, Highway Nearby, Rail Access
Acreage	No
Land Amenities	Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	132 Ft
Size Frontage	35 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Ins-1 & Sga-2

Rooms

Level	Type	Length	Width	Dimensions
Second Level	3pc Bathroom			Measurements not available
Second Level	Bedroom			13'4'' x 8'0''
Second Level	Bedroom			13'11'' x 9'8''
Second Level	Bedroom			13'11'' x 8'2''
Main Level	Family Room			13'4'' x 11'3''
Main Level	Dining Room			11'3'' x 10'11''
Main Level	Kitchen			11'3'' x 9'7''

https://www.realtor.ca/real-estate/27673125/491-park-street-kitchener