ON > Waterloo
Waterloo, ON N2J 3A6,59 Regina Street N
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Waterloo, ON N2J 3A6,59 Regina Street N
Waterloo, ON N2J 3A6,59 Regina Street N
Waterloo, ON N2J 3A6,59 Regina Street N
Waterloo, ON N2J 3A6,59 Regina Street N
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Ivan Gascho

Ivan Gascho

+1(519) 573-7440
Listed by Matthew Davidson • Victoria Park Real Estate Ltd.
$ 1,695,000
Est. payment /mo
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59 Regina Street N Waterloo, ON N2J 3A6

4,040 SqFt

UPDATED:

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

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agent

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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59 Regina Street N