185 Park Street Waterloo, Ontario N2L 1Y7
$999,000
Welcome to this impressive triplex home located in a highly sought-after neighborhood in Uptown Waterloo, just across the street from Sun Life Financial. This prime location offers convenience and accessibility, with the Allen LRT station, Grand River Hospital, and Belmont Village all within a short walk. 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 a property with income-generating potential, this triplex offers the best of both worlds. This property is zoned U2-20, allowing for development of up to 6 storeys. This zoning designation opens up a world of possibilities for the future, whether it be constructing additional residential units, mixed-use spaces, or other commercial ventures. Uptown Waterloo is a vibrant and thriving neighborhood, 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 triplex property with redevelopment potential in one of Waterloo's most desirable neighborhoods. Take advantage of the strong holding income and explore the possibilities that the U2-20 zoning offers. It's time to make your mark on Uptown Waterloo's real estate landscape. (id:35492)
Property Details
| MLS® Number | X9229843 |
| Property Type | Multi-family |
| Parking Space Total | 8 |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Type | Radiant Heat |
| Size Interior | 2800 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 122 Ft |
| Size Frontage | 44 Ft |
| Size Irregular | 44 X 122 Ft |
| Size Total Text | 44 X 122 Ft |
| Zoning Description | U2-20 |
https://www.realtor.ca/real-estate/27226947/185-park-street-waterloo
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Zack Haight
Salesperson
11 Mechanic St Unit 1a
Paris, Ontario N3L 1K1
(519) 442-2525
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Toronto Real Estate Board
Sotheby's International Realty Canada
September 05 2024 08:36:17
