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59 REGINA STREET N
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59 REGINA STREET N $1,695,000
7 days ago
$1,695,000
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59 REGINA STREET N
Waterloo, Ontario N2J2L3

MLS® Number: X12049781

Listing Description

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 feet of main-floor commercial space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 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 net operating income of $64,880 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 $64k. Explore the possibilities for a great investment, today! (40142626)

Location Description

Regina Street North and Young Street East

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Land Size
Bldg=65.9 x 131 FT
Age Of Building
100+ years
Annual Property Taxes
$14,269
Total Parking Spaces
10
Time on REALTOR.ca
7 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
10

Measurements

Square Footage
4040 sqft
Exterior Building Size
4040 sqft

Land

Lot Features
Frontage
65 ft ,10 in
Land Depth
131 ft
Other Property Information
Zoning Description
U1-40
Data provided by: OnePoint Association of REALTORS® Suite 324 - 3-301 Stone Road West, Guelph, Ontario N1G 4W4
MATTHEW DAVIDSON
Broker of Record
519-568-9361
Email
Book showing
Victoria Park Real Estate Ltd.
Brokerage
180 NORTHFIELD DRIVE WEST: 1ST FLOOR UNIT 4
WATERLOO, Ontario N2L0C7
519-568-9361
MATTHEW DAVIDSON