901 Victoria St N Kitchener, ON

216 King Street S, Waterloo, Ontario N2J 1R3 (27294965)


LOADING

216 King Street S Waterloo, Ontario N2J 1R3

5784 sqft
Hot Water Radiator Heat

$2,145,000

Rare find in Uptown Waterloo. This purposely built rental property comprises 5-unit townhome-style suites with terraces located in the heart of the city. Potential to expand size to 20-35 unit building on site. Can build up to 6-storeys. A large renovation was completed in 2020/21 including electrical and plumbing. Total floor area is 5,784 SF. Flat roof approx. 10-years old & sloped roof shingles replaced in 2017. This is a rare opportunity! City Planning report Available to expand size of the building. Site is designated Medium Density which permits a maximum height of 20 meters on Schedule B1. Enjoy the positive cashflow until you want to develop or hold and sell to a developer. This property is a central key property to the assembly with the two adjacent properties. **** EXTRAS **** If property was redeveloped with all studio and one-bedroom units this would allow for up to 36 units. If the redevelopment proposal included some two-bedroom units the number of permitted units would increase. (id:50976)

Business

Business Type Residential
Business Sub Type Apartments
Name Maisonette Suites

Property Details

MLS® Number X9255767
Property Type Multi-family
Amenities Near By Highway, Public Transit

Building

Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Size Interior 5784 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Depth 124 Ft
Size Frontage 66 Ft
Size Irregular 66 X 124.08 Ft
Size Total Text 66 X 124.08 Ft
Zoning Description U2 20 (uptown Mixed-use)

https://www.realtor.ca/real-estate/27294965/216-king-street-s-waterloo

Interested?

Contact us for more information


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Roxanne Finn
Broker

(289) 338-0767
(289) 338-0767
www.cityhousecountryhome.com/
https://www.facebook.com/cityhousecountryhome
https://twitter.com/finn_roxanne
https://www.linkedin.com/in/cityhousecountryhome/

Chestnut Park Real Estate Limited
1300 Yonge St Ground Flr
Toronto, Ontario M4T 1X3

(416) 925-9191
(416) 925-3935
www.chestnutpark.com/

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