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485 PARK Street
Kitchener, ON N2G 1N7

Listing Courtesy of RE/MAX TWIN CITY REALTY INC., BROKERAGE

$699,900

Sq. Ft.: 2,500
Type: Commercial
Listing #40679681
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 Kitchener's 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! (id:6370)
Property Features
Location Information
Latitude: 43.45567631
Longitude: -80.51396685
Subdivision: 415 - Uptown Waterloo/Westmount
Exterior Features
Stories: 2
Sewer: Municipal sewage system
Has a Pool: No
Has Waterfront: No
Additional Information
Property Type: COM
Property SubType: Other
Ownership Type: Freehold


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
yrs
Interest Rate
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Down Payment
$
List Price:
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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CREA-ON data last updated at April 19, 2025, 10:36 AM ET
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