59 Regina Street N, Waterloo
59 Regina Street N, Waterloo
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46 Photos
- Living area: 4040 sqft
- MLS®: 40538365
- Type: Commercial
- Added: 96 days ago
Property Details
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:1945)
Property Information
- Sewer: Municipal sewage system
- Stories: 3
- Basement: Full
- Directions: At the corner of Regina Street North and Young Street East, just 1 block east of King Street North.
- Living Area: 4040
- Lot Features: Visual exposure, Paved driveway
- Photos Count: 46
- Water Source: Municipal water
- Lot Size Units: acres
- Common Interest: Freehold
- Parking Features: Detached Garage
- Street Dir Suffix: North
- Subdivision Name: 118 - Colonial Acres/East Bridge
- Tax Annual Amount: 13466
- Exterior Features: Brick, Aluminum siding
- Building Area Total: 4040
- Lot Size Dimensions: 0.199
- Zoning Description: U1-40
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