Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner-occupier! With over 1400 square feet of main-floor retail space, the zoning permits financial institution, medical office, personal services, restaurant, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 9 parking spaces, and a location in the heart of Uptown 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 modest rents and actual expenses show a cap rate over 4%, making this a favourable investment in the short-term while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88k and NOI of $65k. Explore the possibilities for a great investment, today! (id:11882)
MLS® Number | 40500109 |
Property Type | Office |
Amenities Near By | Hospital, Public Transit, Schools |
Equipment Type | Other |
Features | Visual Exposure, Paved Driveway |
Parking Space Total | 12 |
Rental Equipment Type | Other |
Basement Type | Full |
Exterior Finish | Aluminum Siding, Brick |
Foundation Type | Stone |
Stories Total | 3 |
Size Exterior | 4040.0000 |
Utility Water | Municipal Water |
Detached Garage |
Access Type | Highway Access, Rail Access |
Acreage | No |
Land Amenities | Hospital, Public Transit, Schools |
Sewer | Municipal Sewage System |
Size Depth | 131 Ft |
Size Frontage | 66 Ft |
Size Irregular | 0.199 |
Size Total | 0.199 Ac|under 1/2 Acre |
Size Total Text | 0.199 Ac|under 1/2 Acre |
Zoning Description | U1-40 |
https://www.realtor.ca/real-estate/26180613/16-young-street-e-waterloo
Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner-occupier! With over 1400 square feet of main-floor retail space, the zoning permits financial institution, medical office, personal services, restaurant, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 9 parking spaces, and a location in the heart of Uptown 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 modest rents and actual expenses show a cap rate over 4%, making this a favourable investment in the short-term while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88k and NOI of $65k. Explore the possibilities for a great investment, today! (id:11882)
MLS® Number | 40500109 |
Property Type | Office |
Amenities Near By | Hospital, Public Transit, Schools |
Equipment Type | Other |
Features | Visual Exposure, Paved Driveway |
Parking Space Total | 12 |
Rental Equipment Type | Other |
Basement Type | Full |
Exterior Finish | Aluminum Siding, Brick |
Foundation Type | Stone |
Stories Total | 3 |
Size Exterior | 4040.0000 |
Utility Water | Municipal Water |
Detached Garage |
Access Type | Highway Access, Rail Access |
Acreage | No |
Land Amenities | Hospital, Public Transit, Schools |
Sewer | Municipal Sewage System |
Size Depth | 131 Ft |
Size Frontage | 66 Ft |
Size Irregular | 0.199 |
Size Total | 0.199 Ac|under 1/2 Acre |
Size Total Text | 0.199 Ac|under 1/2 Acre |
Zoning Description | U1-40 |
https://www.realtor.ca/real-estate/26180613/16-young-street-e-waterloo