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
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
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
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
