61 Mount Hope Street, Kitchener, Ontario N2G 2J5

Park and Mt Hope Attention all investors! PROPOSED SGA2 ZONING. BUILD UP TO 8 STORIES. This exceptional investment opportunity awaits in the heart of Kitchener-Waterloo's vibrant Midtown area. Situated directly behind the renowned Grand River Hospital, these 3 income-producing properties (485 PARK ST, 491 PARK ST, 61 MT HOPE) are bundled together, providing a prime investment package that can't be missed. Whether you wish to hold, enhance, or explore future redevelopment options, this offering is brimming with potential. Currently occupied by tenants, these 3 properties boast a steady stream of rental income. Additionally, the opportunity to lease the 4th unit, presently utilized for storage, further adds to the revenue-generating potential. Notably, the local zoning (I-2) & planning regulations encourage increased density & the construction of residential units, positioning this property as a lucrative prospect for development. Enviably located within close proximity to Belmont Village, & a host of other thriving areas, including the vibrant Uptown Waterloo are all within walking distance, providing unparalleled urban convenience. Its exceptional location positions you just a stone's throw away from the convenient LRT, ensuring seamless & effortless commuting. Furthermore, a plethora of thriving businesses, such as Sun Life, vibrant shopping destinations, charming boutiques, & delectable restaurants, awaits you within easy reach, creating a vibrant & dynamic atmosphere for both work & leisure. Don't miss out on this remarkable investment opportunity, as it offers the perfect combination of an exceptional location, income potential, & future possibilities. Secure your stake in the heart of Kitchener-Waterloo's flourishing landscape today! (id:27476)

This property is being offered as a Freehold, meaning the owner has full ownership rights.

There are a total of 4 parking spaces available on the property.

Calling all investors! An exciting opportunity is available with proposed SGA2 zoning, allowing for the construction of up to 8 stories. This prime investment opportunity is located in the vibrant Midtown area of Kitchener-Waterloo, right behind the Grand River Hospital. The package includes three income-producing properties (485 PARK ST, 491 PARK ST, 61 MT HOPE) that are bundled together, offering a lucrative investment opportunity. Whether you're looking to hold, improve, or explore future redevelopment options, this offering is full of potential. The properties are currently occupied by tenants, providing a steady stream of rental income. There is also the opportunity to lease the 4th unit, currently used for storage, to further increase revenue. The local zoning (I-2) and planning regulations support increased density and the construction of residential units, making this property a promising prospect for development. Its enviable location near Belmont Village, Uptown Waterloo, and the LRT ensures urban convenience and accessibility to thriving businesses, shopping, and dining options. This investment opportunity offers an exceptional location, income potential, and future possibilities in the heart of Kitchener-Waterloo's flourishing landscape.

The property is currently for sale and has a land size of under 1/2 acre. It is located at 61 MOUNT HOPE Street in the city of Kitchener, Ontario, with a postal code of N2G2J5. There is a total of 1 bathroom and 3 bedrooms above ground, with a total of 3 bedrooms in the house. The architectural style is 2 Level, with an unfinished basement and a detached building construction style. The cooling type is central air conditioning, and the exterior finish is aluminum siding and brick. The heating fuel used is natural gas, with forced air heating. The property consists of 2 stories and is classified as a House.