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-Waterloos dynamic Midtown. Located just steps from Grand River Hospital, this offering includes 3 income-generating properties485 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, youll find vibrant shopping, charming boutiques, top-tier restaurants, & thriving businesses, including Sun Life. The nearby LRT station ensures effortless commuting & seamless access to the regions core areas, making this location highly desirable for tenants & future development. Whether youre 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-Waterloos most sought-after areas. Dont miss your chance to secure your stake in Kitchener-Waterloos 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:55598)
- MLS® 40679681
- Date Listed11/21/2024
- Days on Realty 30 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Property Type Other
- Water Public
- Square Feet 2,500 sq. ft
- Price Per Sq. Ft $290
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
83/100
Very Walkable
Walk Score ®
61/100
Good Transit
Transit Score ®
85/100
Very Bikeable
Bike Score ®
Overview
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.Transit Summary
17 nearby routes: 14 bus, 3 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 54/100, Transit Score: 45/100, Bike Score: 63/100.
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Frequently Asked Questions for 485 PARK Street
Source: Realty.com
485 PARK Street, Kitchener, ON N2G1N7 is a Other, Commercial Sale property listed for $725,000 The property is 2500 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 8 photos of 485 PARK Street.
The full address for this home is 485 PARK Street, Kitchener, ON N2G1N7.
485 PARK Street has been listed on Realty.com since Thu November 21, 2024
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 54/100, Transit Score: 45/100, Bike Score: 63/100.
Listing provided courtesy of:
RE/MAX TWIN CITY REALTY INC., BROKERAGE
(tel: (519) 885-0200)
Listing agent:
BECKY DEUTSCHMANN
(tel: (519) 841-6511)
This content last refreshed on 2024-12-21 08:14:14. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 485 PARK Street, Kitchener, ON N2G1N7 : MLS® 40679681