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Waterloo, ON N2G 1N7,491 Park ST
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Waterloo, ON N2G 1N7,491 Park ST
Waterloo, ON N2G 1N7,491 Park ST
Waterloo, ON N2G 1N7,491 Park ST
Waterloo, ON N2G 1N7,491 Park ST
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Jamie Black

Jamie Black

+1(416) 347-9383
$ 699,900
Est. payment /mo
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491 Park ST Waterloo, ON N2G 1N7

3 Beds

1 Bath

UPDATED:

01/28/2025 06:45 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Municipality Kitchener

MLS Listing ID X11944079

Style 2-Storey

Bedrooms 3

Annual Tax Amount $3,843

Tax Year 2024

Appx SqFt 1100-1500

Property Description

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!

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement Full, Unfinished

Kitchen 1

Interior

Interior Features None

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Other

Garage Spaces 2.0

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 34.85

Lot Depth 132.34

Total Parking Spaces 2

Building

Unit Features Hospital,Lake/Pond,Park,School,Public Transit,Library

Foundation Stone

Listed by RE/MAX TWIN CITY REALTY INC.
agent

Jamie Black

Sales Representative

+1(416) 347-9383

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491 Park ST

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