$1,795,000
Available - For Sale
Listing ID: X10404291
181 PARK St , Waterloo, N2L 1Y7, Ontario
| This mixed-use building is located in a highly desirable neighbourhood in Uptown Waterloo, just across the street from Sun Life Financial. This property offers an exceptional investment opportunity with its fully leased upper floor residential unit and two ground floor commercial unit. The property's desirable location presents an excellent investment opportunity for redevelopment, with the added benefit of a strong holding income. Whether you're an investor looking to capitalize on the potential for future development or seeking an income-generating property, this mix-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 189, 185, 177, 173 Park St & 35 John St. These properties provide ample space for potential redevelopment projects. The new official plan opens up a world of possibilities, whether it be constructing additional residential units, mixed-use spaces, or new high-rise developments. Uptown Waterloo is a vibrant and thriving neighbourhood, known for its lively atmosphere, trendy shops, and diverse dining options. The area attracts professionals, students, and families alike, making it an ideal location for investment and development opportunities. Don't miss out on this exceptional chance to invest in mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods. |
| Price | $1,795,000 |
| Taxes: | $14344.56 |
| Assessment: | $557000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 181 PARK St , Waterloo, N2L 1Y7, Ontario |
| Postal Code: | N2L 1Y7 |
| Province/State: | Ontario |
| Legal Description: | LT 4 PL 408 CITY OF WATERLOO; WATERLOO |
| Lot Size: | 66.00 x 132.00 (Feet) |
| Directions/Cross Streets: | John st w and Park st |
| Category: | With Property |
| Total Area: | 2673.65 |
| Total Area Code: | Sq Ft |
| Insurance Expense: | $2401 |
| Heat Expenses: | $1783 |
| Operating Expenses: | $6315 |
| Net Income Before Debt: | $78406 |
| Expenses Actual/Estimated: | $Act |
| Sewers: | Sewers |
| Water: | Municipal |
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| Sotheby's International Realty Canada, Brokerage |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Lot Size: | 66.00 x 132.00(Feet) |
| Tax: | $14,344.56 |
| Maintenance Fee: | $750 |
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