<-- style PDP --> 491 Park Street, Kitchener - Single Family Residence for sale for $699,900
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    Home Kitchener Uptown Waterloo/Westmount 491 Park Street 40679701
    Single Family Residence sold at 491 Park Street, Kitchener, ON, N2G 1N7 - Uptown Waterloo/Westmount - MLS: 40679701
    Single Family Residence sold at 491 Park Street, Kitchener, ON, N2G 1N7 - Uptown Waterloo/Westmount - MLS: 40679701
    Single Family Residence sold at 491 Park Street, Kitchener, ON, N2G 1N7 - Uptown Waterloo/Westmount - MLS: 40679701
    Single Family Residence sold at 491 Park Street, Kitchener, ON, N2G 1N7 - Uptown Waterloo/Westmount - MLS: 40679701
    Single Family Residence sold at 491 Park Street, Kitchener, ON, N2G 1N7 - Uptown Waterloo/Westmount - MLS: 40679701
    Single Family Residence sold at 491 Park Street, Kitchener, ON, N2G 1N7 - Uptown Waterloo/Westmount - MLS: 40679701
    Single Family Residence sold at 491 Park Street, Kitchener, ON, N2G 1N7 - Uptown Waterloo/Westmount - MLS: 40679701
    • leased
    • terminated

    491 Park Street

    Kitchener, ON, N2G 1N7 - Uptown Waterloo/Westmount

    $699,900

    • Neighbourhood

      Uptown Waterloo/Westmount

    • Major Intersection

    • Listed Since: 723 day(s)

    • Last update: 449 day(s) ago

    Overview

    • Property Type

      Single Family Residence, Two Story

    • Bedrooms

      3 + 0

    • Bathrooms

      1

    • Basement

      Full, Unfinished

    • Kitchen

      n/a

    • Total Parking

      2

    • Lot Size

      Available Upon Request

    • Taxes

      $3,843.08 (2024)

    • Type

      Freehold

    Property Description

    Property description for 491 Park Street, 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 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!

    Listed by RE/MAX TWIN CITY REALTY INC., BROKERAGE

    Property details
    Room details
    Map

    • MLS #

      40679701

    • Sq. Ft

      1210

    • Sq. Ft. Source

      MLS

    • Lot Irregularities

      n/a

    • Year Built

      Available Upon Request

    • Pool

      n/a

    • Drive

      n/a

    • Garage

      n/a

    • Total Parking

      2

    • Family Room

      n/a

    • Den

      n/a

    • Exterior

      Aluminum Siding, Brick

    • Fireplace

      n/a

    • Roof

      Asphalt Shing

    • Foundation

      Stone

    • Elevator

      n/a

    • Water View

      n/a

    • Laundry Level

      n/a

    • Heat

      Forced Air, Natural Gas

    • A/C

      Central Air

    • Water

      Municipal

    • Water Supply

      n/a

    • Sewers

      n/a

    • Central Vac

      n/a

    • Family Room

      4.06 x 3.43 ft Main level

    • Dining Room

      3.43 x 3.33 ft Main level

    • Kitchen

      3.43 x 2.92 ft Main level

    • Bedroom

      4.24 x 2.95 ft Second level

    • Bedroom

      4.24 x 2.49 ft Second level

    • Bedroom

      4.06 x 2.44 ft Second level

    • Bathroom

      false Second level

      3-Piece

    • MLS #

      40679701

    • Sq. Ft

      1210

    • Sq. Ft. Source

      MLS

    • Lot Irregularities

      n/a

    • Year Built

      Available Upon Request

    • Pool

      n/a

    • Drive

      n/a

    • Garage

      n/a

    • Total Parking

      2

    • Family Room

      n/a

    • Den

      n/a

    • Exterior

      Aluminum Siding, Brick

    • Fireplace

      n/a

    • Roof

      Asphalt Shing

    • Foundation

      Stone

    • Elevator

      n/a

    • Water View

      n/a

    • Laundry Level

      n/a

    • Heat

      Forced Air, Natural Gas

    • A/C

      Central Air

    • Water

      Municipal

    • Water Supply

      n/a

    • Sewers

      n/a

    • Central Vac

      n/a

    • Family Room

      4.06 x 3.43 ft Main level

    • Dining Room

      3.43 x 3.33 ft Main level

    • Kitchen

      3.43 x 2.92 ft Main level

    • Bedroom

      4.24 x 2.95 ft Second level

    • Bedroom

      4.24 x 2.49 ft Second level

    • Bedroom

      4.06 x 2.44 ft Second level

    • Bathroom

      false Second level

      3-Piece

    Thinking of Selling?

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    Contact Manoj Kukreja

    Sales Representative,
    Century 21 People’s Choice Realty Inc.,
    Brokerage
    (647) 576 - 2100

    Manoj profile avatar

    Property History

    Property history for 491 Park Street, Kitchener

    This property has been sold 3 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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    Total Cash flow for purchasing this property

    Down Payment(%)*
    Additional information

    Provincial Land Transfer Tax

    Ontario Land Transfer Tax Rebate

    Toronto Land Transfer Tax

    Toronto Land Transfer Tax Rebate

    PST on CMHC Insurance Premium

    Lawyer Fees

    $2,825

    Government Registration Fee's

    $164

    Title Insurance

    Closing Cost Total

    Total Cash flow for purchasing this property

    Provincial Land Transfer Tax

    Ontario Land Transfer Tax Rebate

    Toronto Land Transfer Tax

    Toronto Land Transfer Tax Rebate

    PST on CMHC Insurance Premium

    Lawyer Fees

    $2,825

    Government Registarion Fee's

    $164

    Title Insurance

    Down Payment(%)*

    * A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

    Thinking of Selling?

    Find Out Your Home’s Value in Today’s Market!

    No Email or Signup is required to view your home estimate.

    estimate your home value

    Contact Manoj Kukreja

    Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
    (647) 576 - 2100

    Manoj profile avatar

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