Homes for sale - 485 PARK Street, Kitchener, ON N2G1N7

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $290

Subdivision 415 - Uptown Waterloo/Westmount

MLS Listing ID 40679661

Style 2 Level

Bedrooms 4

Half Baths 2

Originating Board Cornerstone - Waterloo Region

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* (id:24570)

Location

Province ON

Rooms

Extra Room 1 Second level 9'6'' x 11'6'' Bedroom

Extra Room 2 Second level 9'6'' x 9'3'' Bedroom

Extra Room 3 Second level Measurements not available 4pc Bathroom

Extra Room 4 Second level 14'11'' x 15'2'' Bedroom

Extra Room 5 Main level Measurements not available 2pc Bathroom

Extra Room 6 Main level 13'5'' x 13'5'' Bedroom

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Garage No

Community Features Community Centre

Waterfront No

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Architectural Style 2 Level

Others

Ownership Freehold