189 Park Street Waterloo, Ontario N2L 1Y7
$1,600,000
Welcome to this remarkable mixed-use building located in a highly desirable neighborhood in Uptown Waterloo, just across the street from Sun Life Financial. This property offers an exceptional investment opportunity with its fully leased upper floor residential unit and ground floor commercial unit. The building's prime location provides easy access to key amenities and attractions, including the Allen LRT station, GRH, and Belmont Village, all within a short walk. This convenient proximity adds to the property's appeal and potential for long-term success. In addition to the strong holding income, the property presents an excellent opportunity for redevelopment. The desirable location and zoning designation make it an attractive investment for future development projects. For those seeking even greater potential, the property can be purchased together with 185 Park Street, combining for a total lot size of 0.236 acres. With a frontage of 84 ft. and a depth of 122 ft., these combined properties offer significant space for potential redevelopment ventures. The U2-20 zoning designation allows for development of up to 6 storeys, providing flexibility and potential for various uses. Whether you envision expanding the existing mixed-use building, constructing additional residential units, or exploring commercial possibilities, this zoning opens up numerous options for future development. Uptown Waterloo is a vibrant and sought-after neighborhood, known for its bustling atmosphere, trendy shops, and diverse dining options. The area attracts a wide range of residents and visitors, creating a thriving market for both residential and commercial properties. Don't miss out on this exceptional opportunity to invest in a fully leased mixed-use building with redevelopment potential in one of Uptown Waterloo's most desirable locations. Can be purchased with 185,181,177,173 Park St & 35 John St. It's time to make your mark on Uptown Waterloo's real estate landscape. (id:25988)
Property Details
| MLS® Number | 40422687 |
| Property Type | Other |
| Amenities Near By | Schools |
Building
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick, Other, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Exterior | 1800.0000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 122 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 0.112 |
| Size Total | 0.112 Ac|under 1/2 Acre |
| Size Total Text | 0.112 Ac|under 1/2 Acre |
| Zoning Description | U2-20 |
https://www.realtor.ca/real-estate/25886722/189-park-street-waterloo
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Contact us for more information
Michele Grieco
Salesperson
(519) 954-7575
368 Ash Tree Place
Waterloo, Ontario N2T 1R7
(519) 342-6550
(519) 954-7575
Kevin Lyle Haight
Salesperson
(416) 960-3222
11 Mechanic St - Unit 1
Paris, Ontario N3L 1K1
(519) 442-2525
(416) 960-3222
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July 28 2023 05:03:09
Kitchener-Waterloo Association of REALTORS®
Mcintyre Real Estate Services Inc., Sotheby's International Realty Canada, Brokerage