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$1,295,000
189 PARK Street
Waterloo, Ontario, N2L1Y7
MLS® Number: 40669315
Property description
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.
Building information
Type
House
Architectural Style
2 Level
Basement Development
Unfinished
Basement Type
Partial (Unfinished)
Construction Material
Wood frame
Construction Style Attachment
Detached
Cooling Type
Wall unit
Exterior Finish
Brick Veneer, Vinyl siding, Wood
Half Bath Total
1
Heating Type
Radiant heat
Size Interior
1800 sqft
Stories Total
2
Utility Water
Municipal water
Land information
Amenities
Hospital
Sewer
Municipal sewage system
Size Depth
122 ft
Size Frontage
40 ft
Size Total
under 1/2 acre
Rooms
Main level
Other
23'5'' x 13'2''
Other
9'9'' x 11'4''
Other
9'7'' x 6'5''
2pc Bathroom
7'5'' x 4'11''
Second level
Bedroom
7'6'' x 10'1''
Bedroom
11'2'' x 10'0''
Primary Bedroom
10'5'' x 10'6''
4pc Bathroom
5'0'' x 9'3''
Kitchen
9'11'' x 9'7''
Dining room
9'4'' x 10'9''
Main level
Other
23'5'' x 13'2''
Other
9'9'' x 11'4''
Other
9'7'' x 6'5''
2pc Bathroom
7'5'' x 4'11''
Second level
Bedroom
7'6'' x 10'1''
Bedroom
11'2'' x 10'0''
Primary Bedroom
10'5'' x 10'6''
4pc Bathroom
5'0'' x 9'3''
Kitchen
9'11'' x 9'7''
Dining room
9'4'' x 10'9''
Main level
Other
23'5'' x 13'2''
Other
9'9'' x 11'4''
Other
9'7'' x 6'5''
2pc Bathroom
7'5'' x 4'11''
Second level
Bedroom
7'6'' x 10'1''
Bedroom
11'2'' x 10'0''
Primary Bedroom
10'5'' x 10'6''
4pc Bathroom
5'0'' x 9'3''
Kitchen
9'11'' x 9'7''
Dining room
9'4'' x 10'9''
Courtesy of Sotheby's International Realty Canada, Brokerage
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