216 King Street S, Waterloo MLS Number: 40633042

Rare find in Uptown Waterloo. This purpose built rental property comprises 5 - 2bedroom with den townhome-style suites with terraces and located in the heart ofthe city. No shared hallways. 66 ft. frontage on King St. S. across from the SunLife Building. Large renovation completed in 2020 and 2021 including electrical and plumbing. Allrad controls in units replaced this July. Suites have been tastefully renovated.Total floor area is 5,784 sf. Boutique building that is unique and sought-after byAAA+ tenants. Walking distance to Allen Station, University of Waterloo, Conestoga College, Grand Valley Hospital and Kitchener Public Library.Flat section of roof is Carlisle 60mil EPDM single-ply membrane fully adhered tomechanical fastened poly-ISO insulation & approx. 10-years old. The sloped sectionwas upgraded with new GAF laminate shingles in 2017.This is a rare opportunity! City Planning Report Available to expand size of thebuilding up to 36 bedrooms. The site is designated Medium Density, 20 metres onSchedule B1 (Height and Density) which permits a maximum height of 20 metres(approximately 6 storeys) and a maximum density of 450 bedrooms per hectare. Basedon the site area of 0.08 hectare this translates to a density allowance of approx.36 bedrooms.