485 PARK Street, Kitchener, Ontario N2G1N7 is For Sale and has a listing price of 725,000. The property is located in the Kw Hospital neighbourhood. It's been on the website for 35 Days.
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:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 11/21/2024 | 40679661 | $725,000 | For Sale | - | - |
| 11/21/2024 | 40679681 | $725,000 | For Sale | - | - |
| 11/21/2024 | 40679666 | $725,000 | For Sale | - | - |
| 01/09/2024 | 40524826 | $2,195,000 | For Sale | - | - |
| 12/01/2023 | 40518651 | $2,500,000 | For Sale | - | - |
| 12/01/2023 | 40518665 | $2,500,000 | For Sale | - | - |
| 06/26/2023 | 40443190 | $650,000 | - | - | |
| 06/26/2023 | 40443194 | $1,999,900 | - | - |
