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$1,895,000
Available - For Sale
Listing ID: X10404290
This mixed-use building is located in a highly desirable neighborhood 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 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 building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 189, 185,181,173 Park St & 35 John St. These properties provide ample space for potential redevelopment projects. The new official plan designation 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 property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.
Price $1,895,000
Taxes: $13,086.97
Assessment: $534000
Assessment Year: 2024
Occupancy by: Tenant
Address: 177 PARK St , Waterloo, N2L 1Y7, Ontario
Postal Code: N2L 1Y7
Province/State: Ontario
Legal Description: LT 3 PL 408 CITY OF WATERLOO; WATERLOO
Lot Size: 66 x 132 (Feet)
Directions/Cross Streets: John st w and Park st
Zoning: U2-20
Category: With Property
Total Area: 2,772.46
Total Area Code:  Sq Ft
Insurance Expense: $2438
Maintenance: 750
 Heat Expenses: $2604
Operating Expenses: $8033
Net Income Before Debt: $71940
Expenses Actual/Estimated: $Act
Sewers: Sewers
Water: Municipal
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Sotheby's International Realty Canada, Brokerage

177 PARK St , Waterloo, N2L 1Y7, Ontario

Personal Picture
Freda Ziba
Sales Representative
Dir:
647-997-2120
Bus:
905-764-7111
Fax:
905-764-1274

 
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At a Glance:
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: $13,086.97
Maintenance Fee: $750
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Freda Ziba
Century 21, Heritage Group LTD. , Brokerage
7330 Yonge Street
Thornhill , ON , L4J7Y7
CONTACT FREDA ZIBA
Cell: 647-997-2120
Office: 905-764-7111
Email: fzibahomes@gmail.com