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59 Regina Street N Waterloo, Ontario N2J 3A6

4040

$1,330,000

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:22076)

Property Details

MLS® Number 40538365
Property Type Office
Amenities Near By Hospital, Public Transit, Schools
Features Visual Exposure, Paved Driveway

Building

Basement Type Full
Exterior Finish Aluminum Siding, Brick
Stories Total 3
Size Exterior 4040.0000
Size Interior 4040
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Highway Access, Rail Access
Acreage No
Land Amenities Hospital, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 131 Ft
Size Frontage 66 Ft
Size Irregular 0.199
Size Total 0.199 Ac|under 1/2 Acre
Size Total Text 0.199 Ac|under 1/2 Acre
Zoning Description U1-40

https://www.realtor.ca/real-estate/26489700/59-regina-street-n-waterloo

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