189 PARK STREET, Waterloo, Ontario

$1,295,000

3 Beds
2 Baths

Welcome to this remarkable mixed-use building 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 a large 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 mixed-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 185,181,177,173 Park St & 35 John St. These properties provide ample space for an amazing redevelopment project. The Region of Waterloo's new official plan 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 mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods, only steps from the Allen LRT stop. (id:23309)

Listing ID: X10404486
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Dining room	Second level	2.84 m x 3.28 m
Bedroom	Second level	2.29 m x 3.07 m
Bedroom	Second level	3.4 m x 3.05 m
Primary Bedroom	Second level	3.17 m x 3.2 m
Bathroom	Second level	1.52 m x 2.82 m
Kitchen	Second level	3.02 m x 2.92 m
Other	Main level	7.14 m x 4.01 m
Other	Main level	2.97 m x 3.45 m
Other	Main level	2.92 m x 1.96 m
Bathroom	Main level	2.26 m x 1.5 m

Details

Amenities Nearby: Hospital
Ownership: Freehold
Parking Spaces: 7
Transaction: For sale
Zoning Description: U2-20

Building

BasementType: Partial (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 3
Construction Style Attachment: Detached
Cooling: Wall unit
Exterior Finish: Brick, Wood
Fireplace Present: False
Foundation: Concrete
Bathrooms (Half): 1
Bathrooms (Total): 2
Heating: Radiant heat
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Amenities: Hospital
Sewer: Sanitary sewer
Size Frontage: 40 ft
Size Irregular: 40 x 122 FT

Listing provided by Sotheby's International Realty Canada, Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

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 189 PARK STREET in Waterloo Ontario. It was last modified on October 29th, 2024. Contact the Bonnie & Ken Rossiter Team to schedule a viewing or to discover other Waterloo properties for sale.

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