59 REGINA Street North, Waterloo, Ontario N2J3A6

Listing courtesy of Victoria Park Real Estate Ltd..

$1,395,000
List Price
$1,395,000
MLS®
40538365
Days on Market
20
Status
ACTIVE
Type
Commercial
Subtype
Office
Lot Size Dimensions
0.199
Lot Size
8,668
Subdivision
118 - Colonial Acres/East Bridge

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 1400 square feet of main-floor retail space, the zoning permits financial institution, medical office, personal services, restaurant, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 9 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 cap rate over 4%, 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 $65k. Explore the possibilities for a great investment, today! (id:5764)

Additional Information

Ownership
Freehold
Garage
Yes
Subdivision
118 - Colonial Acres/East Bridge
Country
Canada
Sewer
Municipal sewage system
Lot Features
Visual exposure, Paved driveway
Stories
3
Lot Size
8,668

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