173 PARK Street, Waterloo | Image 1

173 PARK Street

Waterloo

  • Commercial

$2,185,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Zoning: U2-20

  • Age: No Data

  • Taxes: 7718.11

  • MLS®#: X10404289

  • Days on Site: 30 Days

  • Added: Oct 17, 2024 (1 month ago)

  • Updated:

  • Last Checked: 9 hours ago

  • Listed By: Sotheby's International Realty Canada, Brokerage

Welcome to this remarkable triplex home situated in a highly desirable neighborhood in Uptown Waterloo, just across the street from Sun Life Financial. This prime location offers convenience and accessibility, with the Allen LRT station, Grand River Hospital, and Belmont Village all within a short walk. The property's desirable location presents an excellent investment opportunity for redevelopment, with the added benefit of a strong holding income. Whether you're an investor looking to capitalize on the potential for future development or seeking an income-generating property, this triplex offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 189, 185, 181,177 Park St & 35 John St. These properties provide ample space for potential redevelopment projects. This new official plan opens up a world of possibilities for the future, whether it be constructing additional residential units, mixed-use spaces, or new high-rise developments. Uptown Waterloo is a vibrant and thriving neighbourhood, known for its lively atmosphere, trendy shops, and diverse dining options. The area attracts professionals, students, and families alike, making it an ideal location for investment and development opportunities. Don't miss out on this exceptional chance to invest in a large triplex property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.

Property

  • Status: Sale

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Net Income: 70560

  • Area: Waterloo

  • Availability Date: Flexible

  • Assessment Amount: $430,000

  • Assessment Year: 2024

Building

  • Basement: Y

  • Water Supply: Municipal

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 2 PL 408 CITY OF WATERLOO; S/T 966522; WATERLOO

  • Taxes: $7,718

  • Expenses: Act

  • Insurance Fee: 2637

  • Operating Fees: 7843

  • Heat Expenses: 2037

Land

  • Cross Street: John st w and Park s

  • Municipality District: Waterloo

  • Parcel Number: 224200094

  • Sewer: Sewers

  • Lot Depth: 132 Feet

  • Lot Frontage: 66 Feet

  • Zoning: U2-20

Commercial Specific

  • Total Area: 1767

  • Total Area Metric: Sq Ft

Map of 173 PARK Street, Waterloo
JK-8

Our Lady of Lourdes Catholic Elementary School

Elementary: Catholic
0.92 km
JK-6

King Edward Public School

Elementary: Public
1.11 km
JK-6

Westmount Public School

Elementary: Public
0.90 km
JK-8

St John Catholic Elementary School

Elementary: Catholic
1.27 km
6-8

MacGregor Public School

Elementary: Public
1.52 km
JK-6

Elizabeth Ziegler Public School

Elementary: Public
0.98 km
9-12

St David Catholic Secondary School

Secondary: Catholic
3.04 km
Pre-Grade 9-12

Forest Heights Collegiate Institute

Secondary: Public
3.59 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
0.85 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
2.47 km
Pre-Grade 9-12

Waterloo Collegiate Institute

Secondary: Public
2.57 km
9-12

Resurrection Catholic Secondary School

Secondary: Catholic
2.91 km
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