Added 1 day ago
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Type: Detached
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Style: 2-Storey
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Size: 1100 sqft
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Lot Size: 34.85 x 132.34 Feet
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Age: 100+ years
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Taxes: $3,843 per year
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Added: Jan 28, 2025 (1 day ago)
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Updated:
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Last Checked: 54 minutes ago
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MLS®#: X11944079
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Listed By: Re/max twin city realty inc.
Prime Investment Opportunity Near Grand River Hospital: This exceptional investment package offers a rare opportunity to acquire THREE income-generating properties strategically located near Grand River Hospital in Kitchener. The package includes 485 Park Street, 491 Park Street, and 61 Mt. Hope, being sold together as a bundled offering for a total price of $2,099,700 ($699,900 per property). Please note that these properties cannot and will not be sold separately. Currently, all three properties are fully occupied, ensuring consistent and reliable rental income. Additionally, there is a fourth unit presently utilized as storage, which could be converted into a leasable space to increase revenue potential. The zoning designations, I-2 and SGA-2, allow for increased density and redevelopment, making this an ideal opportunity for investors and developers looking to capitalize on Kitcheners growing real estate market. The properties are conveniently situated in a high-demand area near Grand River Hospital, providing proximity to Uptown Waterloo, Belmont Village, and major employers like Sun Life. With easy access to public transit, including the LRT, this location is highly appealing for both tenants and future redevelopment projects. This investment package offers significant potential for income generation, redevelopment, and long-term value growth. Whether you're expanding your portfolio, seeking to maximize rental income, or exploring redevelopment opportunities, this package provides a solid foundation for success. Don't miss this rare opportunity-contact us today for more details!
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Property
Status: Sale
Property Type: Detached
Style: 2-Storey
Size (sq ft): 1100
Age: 100+
Area: Kitchener
Availability Date: Flexible
Assessment Amount: $302,000
Assessment Year: 2025
Inside
Bedrooms: 3
Bathrooms: 1
Kitchens: 1
Den/Family Room: Yes
Air Conditioning: Central Air
Fireplace: No
Central Vacuum: N
Washrooms: 1
Building
Basement: Full
Basement 2: Unfinished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Alum Siding
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Other
Garage Type: None
Covered Parking Spaces: 2
Total Parking Spaces: 2
Fees
Tax Year: 2024
Tax Legal Description: PT LT 4-5 PL 438 KITCHENER AS IN 795496; S/T & T/W 795496 CITY O
Taxes: $3,843
Highlights
Feature: Hospital
Feature: Lake/Pond
Feature: Library
Feature: Park
Feature: Public Transit
Feature: School
Land
Cross Street: KING STREET W & UNIO
Municipality District: Kitchener
Fronting On: North
Parcel Number: 224230018
Pool: None
Sewer: Sewers
Lot Depth: 132.34 Feet
Lot Frontage: 34.85 Feet
Lot Irregularities: 132.34 x 34.85 x 132.
Acres: < .50
Zoning: INS-1 & SGA-2
Rooms
Room details for 491 Park Street, Kitchener
| Type | Dimensions | Description |
|---|---|---|
| Kitchen Main | 2.92 x 3.43 | |
| Dining Main | 3.33 x 3.43 | |
| Living Main | 3.43 x 4.06 | |
| Br 2nd | 2.49 x 4.24 | |
| Br 2nd | 2.95 x 4.24 | |
| Br 2nd | 2.44 x 4.06 |
Walker's Paradise
- Daily errands do not require a car.
Good Transit
- Some errands can be accomplished by public transportation.
Very Bikeable
- Most errands can be accomplished on bike.
Our Lady of Lourdes Catholic Elementary School
Elementary: CatholicKing Edward Public School
Elementary: PublicWestmount Public School
Elementary: PublicSt John Catholic Elementary School
Elementary: CatholicA R Kaufman Public School
Elementary: PublicElizabeth Ziegler Public School
Elementary: PublicSt David Catholic Secondary School
Secondary: CatholicForest Heights Collegiate Institute
Secondary: PublicKitchener Waterloo Collegiate and Vocational School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicWaterloo Collegiate Institute
Secondary: PublicCameron Heights Collegiate Institute
Secondary: Public-
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