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Home ON Kitchener - Cambridge - Waterloo Kitchener Kw Hospital
61 MOUNT HOPE Street
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61 MOUNT HOPE Street $699,900
$699,900
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61 MOUNT HOPE Street
Kitchener, Ontario N2G2J5

MLS® Number: 40679740

Listing 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 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! (68352992)

Location Description

KING ST W. & PARK ST

Property Summary

Property Type
Vacant Land
Subdivision Name
415 - Uptown Waterloo/Westmount
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$3,660.40
Time on REALTOR.ca
122 days

Building

Interior Features
Basement Type
None
Utilities
Utility Type
Electricity (Available), Natural Gas (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Hospital, Public Transit, Schools

Land

Lot Features
Frontage
33 ft
Land Depth
132 ft
Other Property Information
Access
Highway access, Rail access
Zoning Description
INS-1 & SGA-2
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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