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485 Park Street Kitchener, Ontario N2G 1N7

$2,500,000

Attention all investors! PROPOSED SGA2 ZONING. BUILD UP TO 8 STORIES. This exceptional investment opportunity awaits in the heart of Kitchener-Waterloo's vibrant Midtown area. Situated directly behind the renowned Grand River Hospital, these 3 income-producing properties (485 PARK ST, 491 PARK ST, 61 MT HOPE) are bundled together, providing a prime investment package that can't be missed. Whether you wish to hold, enhance, or explore future redevelopment options, this offering is brimming with potential. Currently occupied by tenants, these 3 properties boast a steady stream of rental income. Additionally, the opportunity to lease the 4th unit, presently utilized for storage, further adds to the revenue-generating potential. Notably, the local zoning (I-2) & planning regulations encourage increased density & the construction of residential units, positioning this property as a lucrative prospect for development. Enviably located within close proximity to Belmont Village, & a host of other thriving areas, including the vibrant Uptown Waterloo are all within walking distance, providing unparalleled urban convenience. Its exceptional location positions you just a stone's throw away from the convenient LRT, ensuring seamless & effortless commuting. Furthermore, a plethora of thriving businesses, such as Sun Life, vibrant shopping destinations, charming boutiques, & delectable restaurants, awaits you within easy reach, creating a vibrant & dynamic atmosphere for both work & leisure. Don't miss out on this remarkable investment opportunity, as it offers the perfect combination of an exceptional location, income potential, & future possibilities. Secure your stake in the heart of Kitchener-Waterloo's flourishing landscape today! (id:56221)

Property Details

MLS® Number 40518651
Property Type Vacant Land
Amenities Near By Hospital, Public Transit, Schools

Building

Basement Type None
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 90 Ft
Size Irregular 0.361
Size Total 0.361 Ac|under 1/2 Acre
Size Total Text 0.361 Ac|under 1/2 Acre
Zoning Description I-2, 102u

Utilities

Natural Gas Available

https://www.realtor.ca/real-estate/26333096/485-park-street-kitchener

Interested?

Contact us for more information


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Becky Deutschmann
Salesperson

(519) 841-6511

RE/MAX Twin City Realty Inc., Brokerage
83 Erb Street W, Suite B
Waterloo, Ontario N2L 6C2

(519) 885-0200
www.remaxtwincity.com

Drew Dickinson
Salesperson

(519) 885-0200
(519) 885-4914

RE/MAX Twin City Realty Inc.
83 Erb St.w.
Waterloo, Ontario N2L 6C2

(519) 885-0200
(519) 885-4914
www.remaxtwincity.com

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