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. This property provides 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. Take advantage of the strong holding income and explore the possibilities that the official plan has to offer.
LT 2 PL 408 CITY OF WATERLOO; S/T 966522; WATERLOO
Occupancy
Tenant
Possession Date
Flexible
Taxes (2023)
$7,718.11
Tax Type
Annual
Maintenance Fees
$650
Directions/Cross Streets
John St W and Park St
Area
Waterloo
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot
66 x 132 ft
Total Area
1,767 ft2
Air Conditioning
N
Garage Type
Double Detached
Parking Spaces
8
Heat Type
Gas Forced Air Closd
Gross Income/Sales
$70,560
Water Expense
$2,519
Heat Expenses
$2,037
Insurance Expense
$2,637
Year Expenses
$7,843
Expenses Actual/Estimated
Act
Utilities
Y
Water
Municipal
Lot/Bldg/Unit Code
Lot
Zoning
U2-20
Seller Property Info Statement
Y
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