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491 Park Street Kitchener, Ontario N2G 1N7

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3 Bedroom 1 Bathroom 1210 sqft
2 Level Central Air Conditioning Forced Air

$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:8999)

Property Details

MLS® Number 40679701
Property Type Single Family
AmenitiesNearBy Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
CommunityFeatures Community Centre
EquipmentType None
Features Southern Exposure, Conservation/green Belt
ParkingSpaceTotal 2
RentalEquipmentType None

Building

BathroomTotal 1
BedroomsAboveGround 3
BedroomsTotal 3
ArchitecturalStyle 2 Level
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructionStyleAttachment Detached
CoolingType Central Air Conditioning
ExteriorFinish Aluminum Siding, Brick
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 1210 Sqft
Type House
UtilityWater Municipal Water

Land

AccessType Highway Access, Highway Nearby, Rail Access
Acreage No
LandAmenities Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 132 Ft
SizeFrontage 35 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription Ins-1 & Sga-2

Rooms

Level Type 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

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