485 Park Street For Sale

Kitchener, Uptown Waterloo/Westmount, N2G 1N7

$699,900

Description

Listed by RE/MAX TWIN CITY REALTY INC., BROKERAGE.

Prime Investment Opportunity Near Grand River Hospital: This exceptional investment package offers a rare opportunity to acquire three income-generating properties strategically located near Grand River Hospital in Kitchener. The package includes 485 Park Street, 491 Park Street, and 61 Mt. Hope, being sold together as a bundled offering for a total price of $2,099,700 ($699,900 per property). Please note that these properties cannot and will not be sold separately. Currently, all three properties are fully occupied, ensuring consistent and reliable rental income. Additionally, there is a fourth unit presently utilized as storage, which could be converted into a leasable space to increase revenue potential. The zoning designations, I-2 and SGA-2, allow for increased density and redevelopment, making this an ideal opportunity for investors and developers looking to capitalize on Kitchener’s growing real estate market. The properties are conveniently situated in a high-demand area near Grand River Hospital, providing proximity to Uptown Waterloo, Belmont Village, and major employers like Sun Life. With easy access to public transit, including the LRT, this location is highly appealing for both tenants and future redevelopment projects. This investment package offers significant potential for income generation, redevelopment, and long-term value growth. Whether you're expanding your portfolio, seeking to maximize rental income, or exploring redevelopment opportunities, this package provides a solid foundation for success. Don’t miss this rare opportunity—contact us today for more details!

Location

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  • Address: 485 Park Street
  • Neighborhood: Uptown Waterloo/Westmount
  • City: Kitchener
  • State: ON
  • Postal Code: N2G 1N7

Property Details

  • Property ID: 40679666
  • Property Price: $699,900
  • Style: Mixed Use, Land
  • Taxes: $4,493.08 (2024)
  • Exposure: North

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Property History

This property has been sold 5 times before. To view this property's sale price history please sign in or register:


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Recently Sold

  • Mixed Use sold at PT LT 11 Concession 4 W, South Bruce, South Bruce, N0G 2J0 - MLS: 40659943
    • Sold 89 days ago

    PT LT 11 Concession 4 W

    South Bruce, South Bruce, N0G 2J0

    $689,900

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
    (647) 576 - 2100

    Nearby Listings

    Mixed Use for sale at 61 Mount Hope Street, Kitchener, Uptown Waterloo/Westmount, N2G 2J5 - MLS: 40679740
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    61 Mount Hope Street

    Kitchener, Uptown Waterloo/Westmount, N2G 2J5