177 Park Street Waterloo, Ontario N2L 1Y7
$1,895,000
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 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 building offers the best of both worlds. This property provides ample space for potential redevelopment projects. The new official plan designation 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 property with redevelopment potential in one of Waterloo's most desirable neighbourhoods. Take advantage of the strong holding income and explore the possibilities that the official plan has to offer. (id:52603)
Property Details
| MLS® Number | X9419107 |
| Property Type | Retail |
| Parking Space Total | 12 |
Building
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2772.46 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 132 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 132 Ft |
| Size Total Text | 66 X 132 Ft |
| Zoning Description | U2-20 |
https://www.realtor.ca/real-estate/27562934/177-park-street-waterloo
11 Mechanic St Unit 1a
Paris, Ontario N3L 1K1
(519) 442-2525
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October 21 2024 05:00:18
Toronto Real Estate Board
Sotheby's International Realty Canada