59 Regina Street N, Waterloo, ON N2J 2L3

Waterloo N2J 2L3 Ontario

MLS: X12453247

$1,200,000

Added 3 hours ago | For Sale

Listed by: Victoria Park Real Estate Ltd.

About Property

Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owneroccupier! With over 1480 square feet of main-floor commercial space, the zoning permits financialinstitution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, artstudio, business incubator, and so much more! With corner-lot exposure, 10 parking spaces, and a locationin the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller's businessthrived for over 35 years. Find 3-bedroom and 1-bedroom apartments on the upper floors, each withseparate hydro meters, which can help to make this a great investment. Forecasted modest rents andactual expenses show a net operating income of $64,880 making this a favourable investment in the shortterm while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, ConestogaCollege, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residentialtenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88kand NOI of $64k. Explore the possibilities for a great investment, today!

Features

  • House Style:Store W Apt/Office
  • Bathrooms:
  • Land Size: 65.9 X 131
  • Water:Municipal
  • Garage Spaces: /Single Detached
  • Driveway:
  • Heating Fuel:
  • Cross Street:Regina Street North and Young Street East
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $15019
  • Bedrooms:
  • Total Parking Spaces:10
  • Parking Places:10
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12453247

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