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491 Park Street Kitchener, Ontario N2G 1N7

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:17537)

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

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 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

Interested?

Contact us for more information


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Becky Deutschmann
Salesperson

(519) 841-6511

RE/MAX Twin City Realty Inc., Brokerage
83 Erb Street W, Suite B
Waterloo, Ontario N2L 6C2

(519) 885-0200
www.remaxtwincity.com

Drew Dickinson
Salesperson

(519) 885-0200
(519) 885-4914

RE/MAX Twin City Realty Inc.
83 Erb St.w.
Waterloo, Ontario N2L 6C2

(519) 885-0200
(519) 885-4914
www.remaxtwincity.com

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