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$1,399,000
Status: For Sale
Under Zoned (H)RN-6, this house permits the addition of four new units, each with six rooms, behind the current structure making this a rare and valuable opportunity for perceptive developers seeking high-density potential in a thriving area. Situated at the intersection of Columbia Street, Alberta Street, Lester Street, and University Avenue, this house offers unbeatable proximity to both the University of Waterloo (UW) and Wilfrid Laurier University (WLU) making it an ideal location for student housing. The existing property features 4+2 (permitted) bedrooms, an owned tankless water heater, and a newly installed heat pump (2023). Currently tenanted by students and generating strong rental income, this is a prime opportunity for investors or developers to enjoy consistent revenue while preparing for future development.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X12085282 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :16 Apr, 2025 (17 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Waterloo |
|---|---|
| Postal Code | :
N2L 3W2
|
| Price | : $1,399,000 |
|---|---|
| Property Taxes | :$6057.0 |
| Tax Year | :2024 |
|---|
| Bedrooms | :6 + |
|---|---|
| No. of Rooms | :10 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Cross Street | :Columbia, Alberta, Lester |
| Bathrooms | :3 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :1500-2000 sqft |
| Fireplace/Stove | :No |
| Exterior Finish | :Brick, Aluminum Siding |
|---|---|
| Parking Space | :4 |
| Basement | :Finished |
| Garage | :Attached |
|---|
15 Apr, 2025
TREB #X12085282
Listed
$1,399,000
