This mixed-use building is located in a highly desirable neighbourhood in Uptown Waterloo, just across the street from Sun Life Financial. This property offers an exceptional investment opportunity with its fully leased upper floor residential unit and ground floor commercial unit. The property's desirable location presents an excellent investment opportunity for redevelopment, with the added benefit of a strong holding income. Whether you're an investor looking to capitalize on the potential for future development or seeking an income-generating property, this building offers the best of both worlds. This property provides ample space for potential redevelopment projects. The new official plan designation opens up a world of possibilities, whether it be constructing additional residential units, mixed-use spaces, or new high-rise developments. Uptown Waterloo is a vibrant and thriving neighbourhood, known for its lively atmosphere, trendy shops, and diverse dining options. The area attracts professionals, students, and families alike, making it an ideal location for investment and development opportunities. Don't miss out on this exceptional chance to invest in a large property with redevelopment potential in one of Waterloo's most desirable neighbourhoods. Take advantage of the strong holding income and explore the possibilities that the official plan has to offer. (id:4069)
Address
177 PARK STREET
List Price
$1,895,000
Property Type
Retail
Type of Dwelling
Residential Commercial Mix
Area
Ontario
Sub-Area
Waterloo
Floor Area
2,772 Sq. Ft.
Lot Size
66 x 132 FT Sq. Ft.
MLS® Number
X9419107
Listing Brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Postal Code
N2L1Y7
Zoning
U2-20
