61 Mount Hope Street

61 Mount Hope Street
61 Mount Hope Street
61 Mount Hope Street
+5
3
 bed
1
 bath
4
 parking
1315 - 1315
 sqft
For Sale
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83 days
 on site
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$2,500,000
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Size
-
Lot size
404.69 sqm
Street frontage
S
Possession
-
Price per sqm
$20,492
Taxes
$3,446.2 (2023)
Parking Type
-
Style
Two Story
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Description
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!
Broker: RE/MAX TWIN CITY REALTY INC., BROKERAGE
MLS®#: 40518653
Property details
Parking:
4
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
Two Story
MLS Size:
122 sqm
Lot front:
10.06 M
Lot depth:
40.23 M
Listed on:
Dec 1, 2023
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Rooms
LevelNameSizeFeatures
Flat
Dining Room
Unknown
Flat
Kitchen
Unknown
Flat
Family Room
Unknown
Flat
Bathroom
Unknown
Flat
Bedroom
Unknown
Flat
Bedroom
Unknown
Flat
Bedroom
Unknown
485 Park Street
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$999,999
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514 Oxbow Road
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About 61 Mount Hope Street

61 Mount Hope Street is a Kitchener detached house for sale. It was listed at $2500000 in December 2023 and has 3 beds and 1 bathroom.

For groceries there is Sobeys which is an 18-minute walk.

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

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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.

Bryan Bui
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40518653
Listed by RE/MAX TWIN CITY REALTY INC., BROKERAGE