59 Regina Street N new Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2J 3A6
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 4,040 sqft
Price per Sqft $419
MLS Listing ID 40710269
Abv Grd Liv Area 4,040
Originating Board Waterloo Region
Annual Tax Amount $14,269
Lot Size 8,668 Sqft
Acres 0.199
Property Sub-Type Mixed,Building and Land
Property Description
Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feet of main-floor commerical space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 parking spaces, and a location in the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller's business thrived for over 35 years. Find 3-bedroom and 1-bedroom apartments on the upper floors, each with separate hydro meters, which can help to make this a great investment. Forecasted modest rents and actual expenses show a net operating income of $64,880 making this a favourable investment in the short-term while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88k and NOI of $64k. Explore the possibilities for a great investment, today!
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning U1-40
Direction At the corner of Regina Street North and Young Street East, just 1 block east of King Street North.
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Parking Features Detached Garage,Asphalt
Garage Spaces 3.0
Lot Frontage 66.0
Lot Depth 131.0
Garage No
Building
Lot Description Ample Parking,Business Centre,City Lot,Highway Access,Hospital,Public Transit,Rail Access,Schools,Visual Exposure
Faces At the corner of Regina Street North and Young Street East, just 1 block east of King Street North.
Story 3
Sewer Sewer (Municipal)
Water Municipal
Structure Type Aluminum Siding,Brick
New Construction No
Others
Senior Community No
Tax ID 223740014
Ownership Freehold/None