310 KING STREET N, Waterloo, Ontario
$2,100,000
- 13 Beds
- 4 Baths
Attention Investors - High Redevelopment Opportunity! $90,000 Gross Annual Income! Investor's dream in prime RMU-81 zoning, offering the highest density in the city with a range of permitted uses. This student rental-licensed, purpose-built property features three spacious units-two 4-bedroom units and one 5-bedroom unit, generating immediate positive cash flow and offering future redevelopment potential. Located on King Street frontage in a high-demand rental area, just steps to Wilfrid Laurier University (650m, less than 1 minute) and the University of Waterloo (2 km, 4 minutes).Walking distance to transit, shops, and amenities. High redevelopment potential with Official Plan designation for intensification and higher density, reducing planning risk for future development. RMU-81 zoning permits a variety of uses, including multi-unit residential building, mixed-use building with residential above, long-term care and assisted living facilities, cafe, child care centre, drug store, food store, medical clinic, office, personal service shop, restaurant, take-out restaurant, variety store, commercial recreation, commercial wellness, and spiritual use (per RMU zoning regulations).Currently, most units are student-occupied. Showings available for common areas only. Please check the attached RMU-81 by-law for permitted uses. For the possibility of rezoning or redevelopment, buyers must conduct their own due diligence. (id:23309)
- Listing ID: X11959478
- Property Type: Single Family
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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 310 KING STREET N in Waterloo Ontario. It was last modified on February 6th, 2025. Contact the Bird House Real Estate to schedule a viewing or to discover other Waterloo properties for sale.