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$1,295,000
Available - For Sale
Listing ID: X10404287
Welcome to this remarkable mixed-use building 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 a large upper floor residential unit and 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 mixed-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 185,181,177,173 Park St & 35 John St. These properties provide ample space for an amazing redevelopment project. The Region of Waterloo's 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 a large mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods, only steps from the Allen LRT stop.
Price $1,295,000
Taxes: $6,811.22
Assessment: $800
Assessment Year: 2024
Occupancy by: Tenant
Address: 189 PARK St , Waterloo, N2L 1Y7, Ontario
Postal Code: N2L 1Y7
Province/State: Ontario
Legal Description: PT LT 5 PL 408 AND PT LT 6 PL 408, WATER
Lot Size: 40 x 122 (Feet)
Directions/Cross Streets: John st w and Park st
Zoning: U2-20
Category: With Property
Total Area: 1,800
Total Area Code:  Sq Ft
Insurance Expense: $2385
Maintenance: 600
 Heat Expenses: $1631
Operating Expenses: $5473
Net Income Before Debt: $63900
Expenses Actual/Estimated: $Act
Sewers: Sewers
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Sotheby's International Realty Canada, Brokerage

189 PARK St , Waterloo, N2L 1Y7, Ontario


 
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Type: Com - Sale Of Business
Area: Waterloo
Municipality: Waterloo
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Lot Size: 40.00 x 122.00(Feet)
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Tax: $6,811.22
Maintenance Fee: $600
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