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:4069)
| Address |
59 REGINA Street N |
| List Price |
$1,395,000 |
| Property Type |
Office |
| Area |
Ontario |
| Sub-Area |
Waterloo |
| Floor Area |
4,040 Sq. Ft. |
| Lot Size |
0.199 Sq. Ft. |
| MLS® Number |
40538365 |
| Listing Brokerage |
Victoria Park Real Estate Ltd.
|
| Basement Area |
Full |
| Postal Code |
N2J3A6 |
| Zoning |
U1-40 |
| Site Influences |
Hospital, Public Transit, Schools |
| Features |
Visual exposure, Paved driveway |
