This striking 7-bedroom apartment is located in a highly sought-after neighbourhood in Uptown Waterloo. 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 building 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 property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.
PT LT 1 PL 408 CITY OF WATERLOO AS IN 1513636; WATERLOO
Occupancy
Tenant
Possession Date
Flexible
Taxes (2023)
$15,808.64
Tax Type
Annual
Maintenance Fees
$750
Directions/Cross Streets
John St W and Park St
Area
Waterloo
Price History
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Detailed Information
Freestanding
Y
Lot
66 x 122 ft
Total Area
5,754.7 ft2
Air Conditioning
N
Garage Type
None
Heat Type
Gas Forced Air Closd
Gross Income/Sales
$104,063
Water Expense
$3,572
Heat Expenses
$1,063
Insurance Expense
$2,760
Year Expenses
$8,145
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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