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.
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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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