Frontside or backside of a home, the street view for 61 Mount Hope St, Kitchener Ontario N2G 2J5
155 days on Market

61 Mount Hope St, Kitchener, Ontario N2G 2J5

Other
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-
- sqft
$•••,•••
$699,900
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$3,006/mo

Tax Amount (2024)$3,660/yr

Days On Market155 days


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!


Property Details

StyleLand
View-
Age of property-
SqFt-
Lot Size4,356 SqFt(132 x 33)
Parking Spaces-
MLS ®Number40679740
Community NameKw Hospital
Data SourceITSO
Listing byRE/MAX TWIN CITY REALTY INC., BROKERAGE

Features

Lot size: 4,356 SqFt
Sewer (Municipal)

Property History

Nov 21, 2024
Listed for
$699,900
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Price change
$•••,•••
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Listed
$•••,•••
155 days on market
history photo preview11
Listing by itso®
Property listed by RE/MAX TWIN CITY REALTY INC., BROKERAGE, Brokerage

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Market Data - Kw Hospital

Geo Zone Map ThumbnailKw Hospital

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

29 days

Compared to

2024

57 days

2023

22 days

2022

9 days

New Listings

Past 30 days

20 listings

Compared to

2024

12 listings

2023

8 listings

2022

9 listings

Units sold

Past 30 days

5 units

Compared to

2024

4 units

2023

2 units

2022

5 units

Median Sold Price

Past 30 days

$520,000

Compared to

2024

$422,500

2023

$1,189,000

2022

$745,000


Population and Demographics

Overview

Total population 1881
Average household income $120,215

Age (%)

20 to 34
35%
35 to 49
20%
50 to 64
16%
65 and plus
16%
0 to 19
13%

Household composition (%)

Single person
48%
Single family
45%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
2%
Mandarin
1%
German
1%
French
1%

House tenancy (%)

Renters
67%
Owners
33%

Schools and amenities

Estimated Budget