189 Park Street Waterloo, Ontario N2L 1Y7
$1,295,000
Welcome to this remarkable mixed-use building 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 a large upper floor residential unit and 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 mixed-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 185,181,177,173 Park St & 35 John St. These properties provide ample space for an amazing redevelopment project. The Region of Waterloo's 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 a large mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods, only steps from the Allen LRT stop. (id:50886)
Property Details
| MLS® Number | 40661940 |
| Property Type | Office |
| AmenitiesNearBy | Hospital |
| CommunityFeatures | High Traffic Area |
| ParkingSpaceTotal | 7 |
Building
| BasementType | Partial |
| ConstructionMaterial | Wood Frame |
| ExteriorFinish | Brick Veneer, Vinyl Siding, Wood |
| StoriesTotal | 2 |
| SizeExterior | 1800.0000 |
| SizeInterior | 1800 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Hospital |
| Sewer | Municipal Sewage System |
| SizeDepth | 122 Ft |
| SizeFrontage | 40 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | U2-20 |
https://www.realtor.ca/real-estate/27555409/189-park-street-waterloo
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Kevin Lyle Haight
Salesperson
11 Mechanic St - Unit 1
Paris, Ontario N3L 1K1
Zack Haight
Salesperson
11 Mechanic St - Unit 1a
Paris, Ontario N3L 1K1
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October 18 2024 04:27:12
Oakville, Milton & District Real Estate Board
Sotheby's International Realty Canada, Brokerage