216 KING STREET S Waterloo

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:56241)

  • 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
MLS®

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 us to schedule a viewing or to discover other Waterloo real estate for sale.

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