Detached House sold at 491 Park Street, Kitchener, N2G 1N7 - MLS: X11944079

491 Park Street No longer available

Kitchener, N2G 1N7

$699,900

Description

Listed by RE/MAX TWIN CITY REALTY INC..

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 Kitcheners 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

View Map

Address: 491 Park Street
Neighborhood:
City: Kitchener
State: Ontario
Postal Code: N2G 1N7

Property Details

Property ID: X11944079
Property Price: $699,900
Style: Detached, 2-Storey
Sq/Ft: 1100-1500
Bedrooms: 3
Bath: 1
Parking Spaces: 2
Year Built: 100+
A/C: Central Air
Basement: Full, Unfinished
Central Vac.: N
Den: Y
Exterior: Alum Siding, Brick
Heating: Forced Air
Fireplace: N
Taxes: $3,843.08 (2024)
Acreage: < .50 Acres
Lot: 132.34x34.85 (Feet) - 132.34 x 34.85 x 132.45 x 35.01

Room details and dimensions

Kitchen

Size: 10.02
Width: 2.92
Length: 3.43

Dining

Size: 11.42
Width: 3.33
Length: 3.43

Living

Size: 13.93
Width: 3.43
Length: 4.06

Size: 10.56
Width: 2.49
Length: 4.24

Size: 12.51
Width: 2.95
Length: 4.24

Size: 9.91
Width: 2.44
Length: 4.06

Statistics for similar Detached homes in

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in

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

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