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$3,295,000
Available - For Sale
Listing ID: X10404288
This striking 7-bedroom apartment is located in a highly sought-after neighborhood in Uptown Waterloo. This prime location offers convenience and accessibility, with the Allen LRT station, Grand River Hospital, and Belmont Village all within a short walk. 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 building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 189,185, 181,177,173 Park St. These properties provide ample space for potential redevelopment projects. This new official plan opens up a world of possibilities for the future, 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 property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.
Price $3,295,000
Taxes: $15,808.64
Assessment: $632000
Assessment Year: 2024
Occupancy by: Tenant
Address: 35 JOHN St , Waterloo, N2L 1B1, Ontario
Postal Code: N2L 1B1
Province/State: Ontario
Legal Description: PT LT 1 PL 408 CITY OF WATERLOO AS IN 15
Lot Size: 66 x 122 (Feet)
Directions/Cross Streets: John St W and Park St
Zoning: U2-20
Category: With Property
Total Area: 5,754.7
Total Area Code:  Sq Ft
Insurance Expense: $2760
Maintenance: 750
 Heat Expenses: $1063
Operating Expenses: $8145
Net Income Before Debt: $104063
Expenses Actual/Estimated: $Act
Sewers: Sewers
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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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

35 JOHN St , Waterloo, N2L 1B1, Ontario


 
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Type: Com - Sale Of Business
Area: Waterloo
Municipality: Waterloo
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Lot Size: 66.00 x 122.00(Feet)
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Tax: $15,808.64
Maintenance Fee: $750
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