Listed by Re/Max Twin City Realty Inc..

491 Park Street is a Detached, 2-Storey and is currently for Sale @ $699,900. Taxes in 2024 were $3,843.08.

More homes for sale under 700k in Kitchener

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 2-Storey on 491 Park Street has 3 bedrooms, 1 bathrooms, and is located on a 132.34 x 34.85 ft loton < .50 acres in the community of . 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!

The address 491 Park Street was listed for sale (MLS# X11944079) on Tuesday, January 28, 2025.