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$699,900

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3 BD

1 BA

1,210 SqFt

Price Dropped by $25K

491 Park Street Kitchener, ON N2G 1N7

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Diana Winger

dwinger@dianawinger.com +1(226) 705-3369

UPDATED:

01/06/2025 02:39 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,210 sqft

Price per Sqft $578

MLS Listing ID 40679701

Style Two Story

Bedrooms 3

Full Baths 1

Abv Grd Liv Area 1,210

Originating Board Waterloo Region

Annual Tax Amount $3,843

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! *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*

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning INS-1 & SGA-2

Direction KING ST W & MT HOPE

Rooms

Basement Full, Unfinished

Kitchen 1

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Roof Type Asphalt Shing

Lot Frontage 35.0

Lot Depth 132.0

Garage No

Building

Lot Description Urban, City Lot, Near Golf Course, Greenbelt, Highway Access, Hospital, Library, Major Highway, Open Spaces, Park, Place of Worship, Public Transit, Rail Access, Rec./Community Centre, Regional Mall, Schools, Shopping Nearby

Faces KING ST W & MT HOPE

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Two Story

Structure Type Aluminum Siding,Brick

New Construction No

Others

Senior Community false

Tax ID 224230018

Ownership Freehold/None

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

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Diana Winger

Agent | License ID: BRBM2358

+1(226) 705-3369

491 Park Street Kitchener, ON N2G 1N7

Diana Winger

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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491 Park Street