59 REGINA Street N new

Waterloo,ON N2J3A6

$ 1695000

- Bed

- Bath

4040 SqFt


Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 4,040 sqft

Price per Sqft $419

Subdivision 118 - Colonial Acres/East Bridge

MLS Listing ID 40710269

Originating Board Cornerstone - Waterloo Region

Lot Size 8,668 Sqft

Acres 8668.44

Property Sub-Type Freehold

Property Description

Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feet of main-floor commerical space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 parking spaces, and a location in the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller's business thrived for over 35 years. Find 3-bedroom and 1-bedroom apartments on the upper floors, each with separate hydro meters, which can help to make this a great investment. Forecasted modest rents and actual expenses show a net operating income of $64,880 making this a favourable investment in the short-term while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88k and NOI of $64k. Explore the possibilities for a great investment, today! (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Exterior

Parking Features Yes

View Y/N No

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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