$1,795,000
181 PARK ST Waterloo, ON N2L 1Y7
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$1,795,000
Est. payment /mo
2,673 SqFt
Active
181 PARK ST Waterloo, ON N2L 1Y7
UPDATED:
11/02/2024 05:14 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,673 sqft
Price per Sqft $671
MLS Listing ID X10404291
Annual Tax Amount $14,344
Tax Year 2023
Property Description
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 two 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 mix-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 189, 185, 177, 173 Park St & 35 John St. These properties provide ample space for potential redevelopment projects. The 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 mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.
Location
Province ON
County Waterloo
Rooms
Basement Full
Kitchen 0
Interior
Cooling Unknown
Fireplace No
Exterior
Pool None
Utilities Available Unknown
Waterfront No
Roof Type Unknown
Parking Type Unknown
Building
Unit Features Hospital
New Construction false
Others
Security Features Unknown
Listed by Sotheby's International Realty Canada, Brokerage
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