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$2,145,000
Status: For Sale
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9255767 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :31 Oct, 2024 (52 Days ago) |
| Source | :TRREB |
| Area | :Waterloo |
|---|---|
| Postal Code | :
N2J 1R3
|
| Price | : $2,145,000 |
|---|---|
| Property Taxes | :$10625.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :King St. S. & John St. E. |
|---|
| Fireplace/Stove | :No |
|---|
31 Oct, 2024
TREB #X9255767
Available
$2145000.0
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$2,145,000
216 King St S, Waterloo, Ontario
Listing ID #X9255767
Price drop by $50,000
Price drop by $50,000