485 PARK Street new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2G1N7
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 415 - Uptown Waterloo/Westmount
MLS Listing ID 40679666
Property Description
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! Opportunities like this don?t last! (id:24570)
Location
Province ON
Exterior
Garage No
Waterfront No
View Y/N No
Building
Sewer Municipal sewage system