485 Park Street

485 Park Street
485 Park Street
485 Park Street
+14
5
 bed
3
 bath
10
 parking
2500 - 2500
 sqft
For Sale
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90 days
 on site
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$2,500,000
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Size
-
Lot size
674.48 sqm
Street frontage
S
Possession
-
Price per sqm
$10,776
Taxes
$4,028.18 (2023)
Parking Type
-
Style
Two Story
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Description
Attention all investors! 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!
Broker: RE/MAX TWIN CITY REALTY INC., BROKERAGE
MLS®#: 40518665
Property details
Parking:
10
Parking type:
-
Property type:
-
Heating type:
Forced Air
Style:
Two Story
MLS Size:
232 sqm
Lot front:
16.76 M
Lot depth:
40.23 M
Listed on:
Dec 1, 2023
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Rooms
LevelNameSizeFeatures
Flat
Bonus Room
Unknown
Flat
Bathroom
Unknown
Flat
Kitchen
Unknown
Flat
Bedroom
Unknown
Flat
Office
Unknown
Flat
Bathroom
Unknown
Flat
Bathroom
Unknown
Flat
Bedroom
Unknown
Flat
Bedroom
Unknown
Flat
Bedroom
Unknown
Flat
Bedroom
Unknown
485 Park Street
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514 Oxbow Road
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About 485 Park Street

Located at 485 Park Street, this Kitchener detached house is available for sale. It has been listed at $2500000 since December 2023. This detached house has 5 beds, 3 bathrooms and is 2500-2500 Squa.

For grabbing your groceries, Sobeys is only an 18 minute walk. Love being outside? Look no further than Waterloo Park, which is a 17-minute walk.

Getting around the area will require a vehicle, as there are no nearby transit stops.

© 2024 Information Technology Systems Ontario, Inc.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information deemed reliable but not guaranteed.

Matthew Himes
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40518665
Listed by RE/MAX TWIN CITY REALTY INC., BROKERAGE