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.
MLS# | X9255767 |
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Listing Type | For Sale |
Style | Other |
Building Name | Maisonette Suites |
Sub-Type | Resale |
Status | Active |
Days On Site | 82 |
Listing Provided By | CHESTNUT PARK REAL ESTATE LIMITED | Not Provided |
Basement | Y |
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Zoning | U2 20 (Uptown Mixed-Use) |
Province | ON |
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County | Waterloo |
City | Waterloo |
Postal Code | N2J 1R3 |
Area | Waterloo |
Listing VS Median (in N2J 1R3) | |
Price: $2,145,000 low | high Med: $0 On Site: 82 low | high Med: |