ON > Waterloo
Waterloo, ON N2J 1R3,216 King ST S
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Waterloo, ON N2J 1R3,216 King ST S
Waterloo, ON N2J 1R3,216 King ST S
Waterloo, ON N2J 1R3,216 King ST S
Waterloo, ON N2J 1R3,216 King ST S
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 2,145,000
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Price Dropped by $50K

216 King ST S Waterloo, ON N2J 1R3

5,784 SqFt

UPDATED:

10/31/2024 05:58 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 5,784 sqft

Price per Sqft $370

MLS Listing ID X9255767

Annual Tax Amount $10,625

Tax Year 2024

Property Description

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.

Location

Province ON

County Waterloo

Community Major Highway, Public Transit

Interior

Cooling No

Exterior

Community Features Major Highway, Public Transit

Utilities Available Yes

Others

Security Features No

Listed by CHESTNUT PARK REAL ESTATE LIMITED
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216 King ST S