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177 Park Street Waterloo, Ontario N2L 1Y7

2772.46 sqft
Forced Air

$1,895,000

This mixed-use building is 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 its fully leased 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 building offers the best of both worlds. This property provides ample space for potential redevelopment projects. The new official plan designation 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 property with redevelopment potential in one of Waterloo's most desirable neighbourhoods. Take advantage of the strong holding income and explore the possibilities that the official plan has to offer. (id:39551)

Property Details

MLS® Number X9419107
Property Type Retail
Parking Space Total 12

Building

Fireplace Present No
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 2772.46 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Size Depth 132 Ft
Size Frontage 66 Ft
Size Irregular 66 X 132 Ft
Size Total Text 66 X 132 Ft
Zoning Description U2-20

https://www.realtor.ca/real-estate/27562934/177-park-street-waterloo

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