Description

Price : $1,500,000.00 MLS^® : X12156927 59 Regina Street, Waterloo, ON N2J 2L3

Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feetof main-floor commercial space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, techoffice, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 parking spaces, and a location in the heart ofUptown Waterloo, the stage is set for a new business to operate where this Seller's business thrived for over 35 years. Find 3-bedroom and 1-bedroom apartments on the upper floors, each with separate hydro meters, which can help to make this a great investment. Forecasted modestrents and actual expenses show a net operating income of $64,880 making this a favourable investment in the short-term while holding andplanning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents agreat opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of$88k and NOI of $64k. Explore the possibilities for a great investment, today!

Location Description

Regina Street North and Young Street East

Property Details

• Community:
• Property Type: Owner+Tenant/Commercial
• Garages: Single Detached
• Annual Property Taxes : $ 14269

Building Features

• Parking Type : Single Detached

Features

• Heating : Gas Forced Air Closed

Land (Lot Features)

• Frontage: 65.9 sq.ft
• Land Depth: 131sq.ft

Listing Contracted With: Victoria Park Real Estate Ltd.