$ 2,145,000
216 King ST S Waterloo, ON N2J 1R3
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 2,145,000
Est. payment /mo
Price Dropped by $50K
216 King ST S Waterloo, ON N2J 1R3
5,784 SqFt
UPDATED:
10/31/2024 05:58 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,784 sqft
Price per Sqft $370
MLS Listing ID X9255767
Annual Tax Amount $10,625
Tax Year 2024
Property Description
Rare find in Uptown Waterloo. This purposely built rental property comprises 5-unit townhome-style suites with terraces located in the heart of the city. Potential to expand size to 20-35 unit building on site. Can build up to 6-storeys. A large renovation was completed in 2020/21 including electrical and plumbing. Total floor area is 5,784 SF. Flat roof approx. 10-years old & sloped roof shingles replaced in 2017. This is a rare opportunity! City Planning report Available to expand size of the building. Site is designated Medium Density which permits a maximum height of 20 meters on Schedule B1. Enjoy the positive cashflow until you want to develop or hold and sell to a developer. This property is a central key property to the assembly with the two adjacent properties.
Location
State ON
County Waterloo
Zoning U2 20 (Uptown Mixed-Use)
Interior
Cooling No
Inclusions All appliances.
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Others
Security Features No
Listed by CHESTNUT PARK REAL ESTATE LIMITED