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216 KING STREET S, Waterloo, Ontario

$2,145,000

5,784 Square Feet

Rare find in Uptown Waterloo. This purposely built rental property comprises 5-unit townhome-style suites with terraces located in the heart of the city. Potential to expand size to 20-35 unit building on site. Can build up to 6-storeys. A large renovation was completed in 2020/21 including electrical and plumbing. Total floor area is 5,784 SF. Flat roof approx. 10-years old & sloped roof shingles replaced in 2017. This is a rare opportunity! City Planning report Available to expand size of the building. Site is designated Medium Density which permits a maximum height of 20 meters on Schedule B1. Enjoy the positive cashflow until you want to develop or hold and sell to a developer. This property is a central key property to the assembly with the two adjacent properties. (id:23309)

Listing ID: X9255767
Property Type: Multi-family

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Details

Amenities Nearby: Highway, Public Transit
Transaction: For sale
Zoning Description: U2 20 (Uptown Mixed-Use)

Building

Fireplace Present: False
Heating: Hot water radiator heat
Heating Fuel: Natural gas
Size Interior: 5784 sqft
Type: Multi-Family
Utility Water: Municipal water

Land

Amenities: Highway, Public Transit
Size Frontage: 66 ft
Size Irregular: 66 x 124.08 FT

Listing provided by CHESTNUT PARK REAL ESTATE LIMITED
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 216 KING STREET S in Waterloo Ontario. It was last modified on August 15th, 2024. Contact the Bird House Real Estate to schedule a viewing or to discover other Waterloo real estate for sale.

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