189 Park Street, Waterloo | Image 1

189 Park Street

Waterloo

  • Commercial

$1,295,000
For Sale

Added 4 days ago

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  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: U2-20

  • Age: No Data

  • Taxes: 6811.22

  • MLS®#: X9419132

  • Days on Site: 3 Days

  • Added: Oct 18, 2024 (4 days ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: SOTHEBY`S INTERNATIONAL REALTY CANADA

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. This property provides 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: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Area: Waterloo

  • Availability Date: Flexible

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Radiant

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • 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

  • Heat Expenses: 1631

  • Taxes Type: Annual

  • Tax Year: 5473

  • Water Fees: 858

Land

  • Cross Street: John St W and Park S

  • Municipality District: Waterloo

  • Parcel Number: 224200228

  • Lot Depth: 122 Feet

  • Lot Frontage: 40 Feet

  • Zoning: U2-20

Commercial Specific

  • Retail Area: 900

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 1800

  • Total Area Metric: Sq Ft

  • Office Size: 900

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

  • Gross Income/Sales: 63900

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