$1,695,000
59 Regina Street, Waterloo, ON N2J 2L3
, Waterloo,
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TRREB.
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!
- HoldoverDays: 90
- Property Type: Commercial
- Property Sub Type: Store W Apt/Office
- GarageType: Single Detached
- Directions: At the corner of Regina Street North and Young Street East, just 1 block east of King Street North.
- Tax Year: 2024
- ParkingSpaces: 10
- Cooling: Yes
- HeatType: Gas Forced Air Closed
- Building Area Total: 4040
- Building Area Units: Square Feet
- Parcel Number: 223740014
- LotSizeUnits: Feet
- LotDepth: 131
- LotWidth: 65.9
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