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! (id:4069)
Address
485 PARK Street
List Price
$699,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
2 Level
Area
Ontario
Sub-Area
Kitchener
Bedrooms
4
Bathrooms
3
Floor Area
2,500 Sq. Ft.
MLS® Number
40679661
Listing Brokerage
RE/MAX TWIN CITY REALTY INC., BROKERAGE
| RE/MAX TWIN CITY REALTY INC.
Basement Area
Full (Unfinished)
Postal Code
N2G1N7
Zoning
INS-1 & SGA-2
Site Influences
Golf Nearby, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping
Features
Southern exposure
