189 Park Street Waterloo, Ontario N2L 1Y7
$999,000
Welcome to this remarkable mixed-use building located in a highly desirable neighborhood 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 ground floor commercial unit. The building's prime location provides easy access to key amenities and attractions, including the Allen LRT station, GRH, and Belmont Village, all within a short walk. This convenient proximity adds to the property's appeal and potential for long-term success. In addition to the strong holding income, the property presents an excellent opportunity for redevelopment. The desirable location and zoning designation make it an attractive investment for future development projects. The U2-20 zoning designation allows for development of up to 6 storeys, providing flexibility and potential for various uses. Whether you envision expanding the existing mixed-use building, constructing additional residential units, or exploring commercial possibilities, this zoning opens up numerous options for future development. Uptown Waterloo is a vibrant and sought-after neighborhood, known for its bustling atmosphere, trendy shops, and diverse dining options. The area attracts a wide range of residents and visitors, creating a thriving market for both residential and commercial properties. Don't miss out on this exceptional opportunity to invest in a fully leased mixed-use building with redevelopment potential in one of Uptown Waterloo's most desirable locations. It's time to make your mark on Uptown Waterloo's real estate landscape. (id:39993)
Property Details
| MLS® Number | X9229858 |
| Property Type | Retail |
Building
| Cooling Type | Partially Air Conditioned |
| Fireplace Present | No |
| Heating Type | Radiant Heat |
| Size Interior | 1800 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 122 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 122 Ft |
| Size Total Text | 40 X 122 Ft |
| Zoning Description | U2-20 |
https://www.realtor.ca/real-estate/27226948/189-park-street-waterloo
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Zack Haight
Salesperson
11 Mechanic St Unit 1a
Paris, Ontario N3L 1K1
(519) 442-2525
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Toronto Real Estate Board
Sotheby's International Realty Canada
September 05 2024 08:07:09
