Added 1 month ago
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Type: Sale Of Business
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Property Type: Commercial
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Zoning: U2-20
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Age: No Data
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Taxes: 14344.56
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MLS®#: X10404291
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Days on Site: 30 Days
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Added: Oct 17, 2024 (1 month ago)
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Updated:
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Last Checked: 10 hours ago
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Listed By: Sotheby's International Realty Canada, Brokerage
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. For those interested in expansion or further development, the property can be purchased together with 189, 185, 177, 173 Park St & 35 John St. These properties provide 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: Sale Of Business
Property Type: With Property
Net Income: 78406
Area: Waterloo
Availability Date: Flexible
Assessment Amount: $557,000
Assessment Year: 2024
Building
Basement: Y
Water Supply: Municipal
Fees
Tax Year: 2023
Tax Legal Description: LT 4 PL 408 CITY OF WATERLOO; WATERLOO
Taxes: $14,345
Expenses: Act
Insurance Fee: 2401
Operating Fees: 6315
Heat Expenses: 1783
Land
Cross Street: John st w and Park s
Municipality District: Waterloo
Parcel Number: 224200092
Sewer: Sewers
Lot Depth: 132 Feet
Lot Frontage: 66 Feet
Zoning: U2-20
Commercial Specific
Total Area: 2673.65
Total Area Metric: Sq Ft
Our Lady of Lourdes Catholic Elementary School
Elementary: CatholicKing Edward Public School
Elementary: PublicWestmount Public School
Elementary: PublicSt John Catholic Elementary School
Elementary: CatholicMacGregor Public School
Elementary: PublicElizabeth Ziegler Public School
Elementary: PublicSt David Catholic Secondary School
Secondary: CatholicForest Heights Collegiate Institute
Secondary: PublicKitchener Waterloo Collegiate and Vocational School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicWaterloo Collegiate Institute
Secondary: PublicResurrection Catholic Secondary School
Secondary: Catholic
