$699,900
FOR SALE

Commercial/Retail

Lot: 33 x 132 ft

61 Mount Hope Street
Kitchener, ON N2G 2J5

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:47421)
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Listed By RE/MAX TWIN CITY REALTY INC., Brokerage, RE/MAX TWIN CITY REALTY INC.
Data Provided By Cornerstone - Waterloo Region
MLS® Listing Number 40679744
Last Updated Jan 29, 2025
Property Summary
Property Type Commercial/Retail

More like this:
Subdivision 415 - Uptown Waterloo/Westmount
Price History

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Detailed Information
Lot 33 x 132 ft
Amenities Nearby Hospital, Public Transit, Schools
Listing Contract Date 2024-11-21
Location Description KING ST W & PARK ST
Ownership Type Freehold
Property Type Other
Transaction Type For sale
Zoning Description INS-1 & SGA-2
Building
Basement Type Full
Exterior Finish Aluminum siding, Brick
Stories Total 2
Size (Exterior) 1315
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Highway access, Rail access
Amenities Hospital, Public Transit, Schools
Sewer Municipal sewage system

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