61 MOUNT HOPE Street Kitchener

61 MOUNT HOPE Street, Kitchener, Ontario

$2,500,000

  • 3 Beds
  • 1 Bath
  • 1,315 Square Feet

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:23309)

  • Listing ID: 40518653
  • Property Type: Single Family

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Rooms

LevelTypeDimensions
Bedroom Second level 10'0'' x 10'0''
Bedroom Second level 10'0'' x 10'0''
Bedroom Second level 12'0'' x 10'0''
3pc Bathroom Second level Measurements not available
Family room Main level 12'0'' x 10'0''
Kitchen Main level 12'0'' x 12'0''
Dining room Main level 10'0'' x 10'0''

Details

  • Architectural Style: 2 Level
  • Equipment: None
  • Features: Paved driveway
  • Ownership: Freehold
  • Parking Spaces: 4
  • Rental Equipment: None
  • Transaction: For sale
  • Zoning Description: R3

Building

  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Architectural Style: 2 Level
  • BasementType: Full (Unfinished)
  • Basement Development: Unfinished
  • Bedrooms Main Level: 3
  • Construction Style Attachment: Detached
  • Cooling: Central air conditioning
  • Exterior Finish: Aluminum siding, Brick
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 1
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 1315.0000
  • Stories Total: 2
  • Type: House
  • Utility Water: Municipal water

Land

  • Sewer: Municipal sewage system
  • Size Frontage: 33 ft
MLS®

Listing provided by RE/MAX TWIN CITY REALTY INC., BROKERAGE
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 61 MOUNT HOPE Street in Kitchener Ontario, was last modified on December 4th, 2023. Contact Sabrina Essery to schedule a viewing or to find other properties for sale in Kitchener.

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