189 Park Street, Waterloo, ON, N2L 1Y7

$1,295,000

MLS® # 40669315

House For Sale In Central, Waterloo, Ontario

$1,295,000

  • 3

    Bedrooms

  • 2

    Baths

  • 7

    Parking Spaces

Property Information:

Welcome to this remarkable mixed-use building located in a highly desirable neighbourhood in Uptown Waterloo, just across the street from Sun Life Financial. This property offers an exceptional investment opportunity with a large upper floor residential unit and ground floor commercial unit. The property's desirable location presents an excellent investment opportunity for redevelopment with the added benefit of a strong holding income. Whether you're an investor looking to capitalize on the potential for future development or seeking an income-generating property, this mixed-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 185,181,177,173 Park St & 35 John St. These properties provide ample space for an amazing redevelopment project. The Region of Waterloo's new official plan opens up a world of possibilities, whether it be constructing additional residential units, mixed-use spaces, or new high-rise developments. Uptown Waterloo is a vibrant and thriving neighbourhood, known for its lively atmosphere, trendy shops, and diverse dining options. The area attracts professionals, students, and families alike, making it an ideal location for investment and development opportunities. Don't miss out on this exceptional chance to invest in a large mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods, only steps from the Allen LRT stop.

Inclusions: Carbon Monoxide Detector,Smoke Detector

Building Features:

  • Floor Space: 1800 Square Feet

Property Features:

  • Bedrooms: 3
  • Bathrooms: 1+1
  • Acres Range: < 0.5
  • Architectural Style: Two Story
  • Basement: Partial, Unfinished
  • Construction Materials: Brick Veneer, Vinyl Siding, Wood Siding
  • Cooling: Wall Unit(s)
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 1800 Square Feet
  • Heating: Radiant
  • Interior Features: Other
  • Lot Depth: 122 Feet
  • Lot Features: Urban, Business Centre, City Lot, High Traffic Area, Hospital
  • Lot Frontage: 40.00 Feet
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector, Smoke Detector
  • Water Source: Municipal
  • Zoning: U2-20
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 7

Rooms:

  • Other Main Level 2.97 X 3.45
  • Other Main Level 7.14 X 4.01
  • Bathroom Main Level 2.26 X 1.50
  • Other Main Level 2.92 X 1.96
  • Bedroom 2nd Level 2.29 X 3.07
  • Bedroom 2nd Level 3.40 X 3.05
  • Primary Bedroom 2nd Level 3.17 X 3.20
  • Kitchen 2nd Level 3.02 X 2.92
  • Dining 2nd Level 2.84 X 3.28
  • Bathroom 2nd Level 1.52 X 2.82

Courtesy of: Sotheby's International Realty Canada, Brokerage

Data provided by: The Oakville, Milton and District Real Estate Board 125 Navy Street, Oakville, Ontario L6J 2Z5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Additional Photos