$ 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
Community Major Highway, Public Transit
Interior
Cooling No
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Parking Type None
Others
Security Features No
Listed by CHESTNUT PARK REAL ESTATE LIMITED