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

61 Mount Hope St, Kitchener, Ontario N2G 2J5

Other
-
-
- 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 Market50 days


Description

Prime Investment Opportunity in the Heart of Midtown Kitchener-Waterloo-Attention investors & developers! This is your chance to secure a rare & exceptional investment package in the heart of Kitchener-Waterloo’s dynamic Midtown. Located just steps from Grand River Hospital, this offering includes 3 income-generating properties—485 Park Street, 491 Park Street, & 61 Mt. Hope. These properties, being sold together as a bundled package, offer unparalleled potential for income generation, development, & long-term growth. Currently occupied by tenants, these properties ensure a steady & reliable stream of rental income. Adding to their revenue potential is a 4th unit, presently utilized for storage, which can be converted into a leasable space for additional income. The zoning designations (I-2 & SGA-2) & local planning regulations allow for increased density & the development of residential units, positioning this package as a prime redevelopment opportunity. Situated in the coveted Midtown area, these properties boast an enviable location offering exceptional connectivity & urban convenience. Just a short walk to Belmont Village & Uptown Waterloo, you’ll find vibrant shopping, charming boutiques, top-tier restaurants, & thriving businesses, including Sun Life. The nearby LRT station ensures effortless commuting & seamless access to the region’s core areas, making this location highly desirable for tenants & future development. Whether you’re looking to expand your investment portfolio, maximize rental income, or capitalize on the redevelopment potential, this package represents a one-of-a-kind opportunity in one of Kitchener-Waterloo’s most sought-after areas. Don’t miss your chance to secure your stake in Kitchener-Waterloo’s flourishing real estate landscape. Contact us today for more details! *The price listed is for this property only-it does not include the cost of the other 2 properties. All 3 properties are being sold together & are not being sold separately*


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 listed by RE/MAX TWIN CITY REALTY INC., BROKERAGE, Brokerage

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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