Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feet of main-floor commercial space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 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 net operating income of $64,880 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 $64k. Explore the possibilities for a great investment, today! (id:4069)
Address
59 REGINA Street N
List Price
$1,695,000
Property Type
Other
Area
Ontario
Sub-Area
Waterloo
Floor Area
4,040 Sq. Ft.
Lot Size
0.199 Sq. Ft.
MLS® Number
40710269
Listing Brokerage
Victoria Park Real Estate Ltd.
Basement Area
Full
Postal Code
N2J3A6
Zoning
U1-40
Site Influences
Hospital, Public Transit, Schools
Features
Southern exposure, Visual exposure, Paved driveway
