ON > Kitchener
Kitchener, ON N2G 2J5,61 Mount Hope Street
Kitchener, ON N2G 2J5,61 Mount Hope Street
Kitchener, ON N2G 2J5,61 Mount Hope Street
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$699,900
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1,315 SqFt
Price Dropped by $25K

61 Mount Hope Street Kitchener, ON N2G 2J5

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Diana Winger

Diana Winger

+1(226) 705-3369

UPDATED:

01/06/2025 02:39 PM

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 1,315 sqft

Price per Sqft $532

MLS Listing ID 40679744

Abv Grd Liv Area 1,315

Originating Board Waterloo Region

Annual Tax Amount $3,660

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 & PARK ST

Rooms

Basement Full

Kitchen 0

Interior

Fireplace No

Exterior

Lot Frontage 33.0

Lot Depth 132.0

Garage No

Building

Lot Description City Lot, Highway Access, Hospital, Public Transit, Rail Access, Schools

Faces KING ST W & PARK ST

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Aluminum Siding,Brick

New Construction No

Others

Senior Community false

Tax ID 224230016

Ownership Freehold/None

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

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agent

Diana Winger

Agent | License ID: BRBM2358

+1(226) 705-3369

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61 Mount Hope Street