181 Park Street, Waterloo | Image 1

181 Park Street

Waterloo

  • Commercial

$1,795,000
For Sale

Added 3 days ago

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  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: U2-20

  • Age: No Data

  • Taxes: 14344.56

  • MLS®#: X9419122

  • Days on Site: 3 Days

  • Added: Oct 18, 2024 (3 days ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: SOTHEBY`S INTERNATIONAL REALTY CANADA

This mixed-use building is located in a highly desirable neighbourhood 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 two ground floor commercial unit. 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 mix-use building offers the best of both worlds. This property provides ample space for potential redevelopment projects. The new official plan opens up a world of possibilities, 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 mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.

Property

  • Status: Sale

  • Property Type: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Area: Waterloo

  • Availability Date: Flexible

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 14

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 4 PL 408 CITY OF WATERLOO; WATERLOO

  • Taxes: $14,345

  • Expenses: Act

  • Insurance Fee: 2401

  • Heat Expenses: 1783

  • Taxes Type: Annual

  • Tax Year: 6315

  • Water Fees: 1381

Land

  • Cross Street: John St W and Park S

  • Municipality District: Waterloo

  • Parcel Number: 224200092

  • Lot Depth: 121 Feet

  • Lot Frontage: 66 Feet

  • Zoning: U2-20

Commercial Specific

  • Retail Area: 1600

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 2673.65

  • Total Area Metric: Sq Ft

  • Office Size: 800

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

  • Gross Income/Sales: 78406

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