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59 REGINA Street N
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59 REGINA Street N $1,695,000
$1,695,000
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59 REGINA Street N
Waterloo, Ontario N2J3A6

MLS® Number: 40710269

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! (68803115)

Location Description

At the corner of Regina Street North and Young Street East, just 1 block east of King Street North.

Property Summary

Property Type
Other
Storeys
3
Subdivision Name
118 - Colonial Acres/East Bridge
Title
Freehold
Land Size
0.199 ac|under 1/2 acre
Annual Property Taxes
$14,269
Parking Type
Detached Garage
Time on REALTOR.ca
20 days

Building

Interior Features
Basement Type
Full
Building Features
Features
Southern exposure, Visual exposure, Paved driveway
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding, Brick
Neighbourhood Features
Amenities Nearby
Hospital, Public Transit, Schools
Parking
Parking Type
Detached Garage

Measurements

Square Footage
4040 sqft
Exterior Building Size
4040 sqft

Land

Lot Features
Frontage
66 ft
Land Depth
131 ft
Other Property Information
Access
Highway access, Rail access
Zoning Description
U1-40
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
519-568-9361
Email
Book showing
Victoria Park Real Estate Ltd.
180 Northfield Drive, 1st Floor, Unit 4
Waterloo, Ontario N2L0C7
519-568-9361
Office Website
MATTHEW DAVIDSON