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181 Park Street Waterloo, Ontario N2L 1Y7

2673.65 sqft

$1,795,000

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 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. (id:52603)

Property Details

MLS® Number 40661960
Property Type Office
Amenities Near By Hospital
Community Features High Traffic Area

Building

Basement Type Full
Stories Total 2
Size Exterior 2673.6500
Size Interior 2673.65 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 66 Ft
Size Total Text Under 1/2 Acre
Zoning Description U2-20

https://www.realtor.ca/real-estate/27555405/181-park-street-waterloo


Sotheby's International Realty Canada, Brokerage
11 Mechanic St - Unit 1
Paris, Ontario N3L 1K1

(519) 442-2525
(416) 960-3222

Sotheby's International Realty Canada, Brokerage
11 Mechanic St - Unit 1a
Paris, Ontario N3L 1K1

(519) 442-2525
(416) 960-3222

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