189 Park Street , Waterloo, ON N2L 1Y7
Waterloo, ON N2L 1Y7
Description
Welcome to this remarkable mixed-use building located in a highly desirable neighborhood in Uptown Waterloo, just across the street from Sun Life Financial. This property offers an exceptional investment opportunity with its fully leased upper floor residential unit and ground floor commercial unit. The building's prime location provides easy access to key amenities and attractions, including the Allen LRT station, GRH, and Belmont Village, all within a short walk. This convenient proximity adds to the property's appeal and potential for long-term success. In addition to the strong holding income, the property presents an excellent opportunity for redevelopment. The desirable location and zoning designation make it an attractive investment for future development projects. For those seeking even greater potential, the property can be purchased together with 185 Park Street, combining for a total lot size of 0.236 acres. With a frontage of 84 ft. and a depth of 122 ft., these combined properties offer significant space for potential redevelopment ventures. The U2-20 zoning designation allows for development of up to 6 storeys, providing flexibility and potential for various uses. Whether you envision expanding the existing mixed-use building, constructing additional residential units, or exploring commercial possibilities, this zoning opens up numerous options for future development. Uptown Waterloo is a vibrant and sought-after neighborhood, known for its bustling atmosphere, trendy shops, and diverse dining options. The area attracts a wide range of residents and visitors, creating a thriving market for both residential and commercial properties. Don't miss out on this exceptional opportunity to invest in a fully leased mixed-use building with redevelopment potential in one of Uptown Waterloo's most desirable locations. It's time to make your mark on Uptown Waterloo's real estate landscape.
Details
| MLS# | 40622527 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 71 |
| Listing Provided By | Sotheby's International Realty Canada, Brokerage | Kevin Lyle Haight |
Features
| SQ Feet | 1,800 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | U2-20 |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2L 1Y7 |
| Area | 4 Waterloo West |
| Subarea | 415 Uptown Waterloo | Westmount |
| Community Name | 415 Uptown Waterloo/Westmount |
| Listing VS Median (in 415 Uptown Waterloo/Westmount) | |
Price: $999,000 low | high Med: $579,990 SqFt: 1,800 low | high Med: 1,261 $ / SqFt: $555 low | high Med: $460 On Site: 71 low | high Med: 7.000000 | |