61 Mount Hope Street, Kitchener, Ontario N2G 2J5 (26333095)


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61 Mount Hope Street Kitchener, Ontario N2G 2J5

3 Bedroom 1 Bathroom 1315
2 Level Central Air Conditioning Forced Air

$2,500,000

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:45648)

Property Details

MLS® Number 40518653
Property Type Single Family
Equipment Type None
Features Paved Driveway
Parking Space Total 4
Rental Equipment Type None

Building

Bathroom Total 1
Bedrooms Above Ground 3
Bedrooms Total 3
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer
Architectural Style 2 Level
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding, Brick
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1315
Type House
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 33 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3

Rooms

Level Type Dimensions
Second Level Bedroom 10'0'' x 10'0''
Second Level Bedroom 12'0'' x 10'0''
Second Level 3pc Bathroom Measurements not available
Main Level Family Room 12'0'' x 10'0''
Main Level Kitchen 12'0'' x 12'0''
Main Level Dining Room 10'0'' x 10'0''

https://www.realtor.ca/real-estate/26333095/61-mount-hope-street-kitchener

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