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$2,185,000
Available - For Sale
Listing ID: X10404289
Welcome to this remarkable triplex home situated in a highly desirable neighborhood in Uptown Waterloo, just across the street from Sun Life Financial. 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 triplex 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 Park St & 35 John 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 triplex property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.
Price $2,185,000
Taxes: $7,718.11
Assessment: $430000
Assessment Year: 2024
Occupancy by: Tenant
Address: 173 PARK St , Waterloo, N2L 1Y7, Ontario
Postal Code: N2L 1Y7
Province/State: Ontario
Legal Description: LT 2 PL 408 CITY OF WATERLOO; S/T 966522
Lot Size: 66 x 132 (Feet)
Directions/Cross Streets: John st w and Park st
Zoning: U2-20
Category: With Property
Total Area: 1,767
Total Area Code:  Sq Ft
Insurance Expense: $2637
Maintenance: 650
 Heat Expenses: $2037
Operating Expenses: $7843
Net Income Before Debt: $70560
Expenses Actual/Estimated: $Act
Sewers: Sewers
Water: Municipal
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Sotheby's International Realty Canada, Brokerage

173 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: 66.00 x 132.00(Feet)
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Tax: $7,718.11
Maintenance Fee: $650
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