189 PARK Street, Waterloo | Image 1

189 PARK Street

Waterloo

  • Commercial

$1,295,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Zoning: U2-20

  • Age: No Data

  • Taxes: 6811.22

  • MLS®#: X10404287

  • 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 mixed-use building 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 a large upper floor residential unit and 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 mixed-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 185,181,177,173 Park St & 35 John St. These properties provide ample space for an amazing redevelopment project. The Region of Waterloo's 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 a large mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods, only steps from the Allen LRT stop.

Property

  • Status: Sale

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Net Income: 63900

  • Area: Waterloo

  • Availability Date: 90+Days

  • Assessment Amount: $800

  • Assessment Year: 2024

Building

  • Basement: Y

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 7

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 5 PL 408 AND PT LT 6 PL 408, WATERLOO, AS IN 938011, SAVE

  • Taxes: $6,811

  • Expenses: Act

  • Insurance Fee: 2385

  • Operating Fees: 5473

  • Heat Expenses: 1631

Land

  • Cross Street: John st w and Park s

  • Municipality District: Waterloo

  • Parcel Number: 224200228

  • Sewer: Sewers

  • Lot Depth: 122 Feet

  • Lot Frontage: 40 Feet

  • Zoning: U2-20

Commercial Specific

  • Total Area: 1800

  • Total Area Metric: Sq Ft

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Somewhat Walkable

  • Some errands can be accomplished on foot.
53 /100

Good Transit

  • Some errands can be accomplished by public transportation.
57 /100

Biker's Paradise

  • Daily errands do not require a car.
94 /100
JK-8

Our Lady of Lourdes Catholic Elementary School

Elementary: Catholic
0.98 km
JK-6

King Edward Public School

Elementary: Public
1.04 km
JK-6

Westmount Public School

Elementary: Public
0.88 km
JK-8

St John Catholic Elementary School

Elementary: Catholic
1.20 km
JK-8

A R Kaufman Public School

Elementary: Public
1.64 km
JK-6

Elizabeth Ziegler Public School

Elementary: Public
0.98 km
9-12

St David Catholic Secondary School

Secondary: Catholic
3.10 km
Pre-Grade 9-12

Forest Heights Collegiate Institute

Secondary: Public
3.55 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
0.78 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
2.47 km
Pre-Grade 9-12

Waterloo Collegiate Institute

Secondary: Public
2.63 km
9-12

Resurrection Catholic Secondary School

Secondary: Catholic
2.93 km
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1 month ago
$1,285,000
  • 0 bath
  • 0 bed

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