59 REGINA Street N, Waterloo, Ontario, N2J3A6

Property 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, ample 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 projected 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! (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: None
• Bathrooms: None
• Living Area: 4,040 sq ft (375.3 m²)
• Ownership: Freehold
• Lot Size: 0.1990 acres (0.08 ha)
• Frontage: 66 ft (20.1 m)

Costs

• Annual Taxes: $15,019.00

Listing Provided by: Royal LePage Wolle Realty
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.