$2,145,000
( )
 $11,515 est/mo Sourced by Back At You

216 King St S , Waterloo, ON N2J 1R3

Waterloo, ON N2J 1R3

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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.

Details

MLS#X9255767
Listing TypeFor Sale
StyleOther
Building NameMaisonette Suites
Sub-TypeResale
StatusActive
Days On Site82
Listing Provided ByCHESTNUT PARK REAL ESTATE LIMITED | Not Provided

Features

BasementY
ZoningU2 20 (Uptown Mixed-Use)
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 19 minutes ago
ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2J 1R3
AreaWaterloo
Listing VS Median (in N2J 1R3)
Price:
$2,145,000
low | high
Med:
$0
On Site:
82
low | high
Med:
Sourced by Back At You
Listing Updated: November 4, 2024 at 1:01:13 AM PST