Frontside or backside of a home, the street view for 61 Mount Hope St, Kitchener Ontario N2G 2J5
84 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 Market84 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
$•••,•••
84 days on market
history photo preview11
Listing by itso®
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