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