216 King St S
King St S, Mary Allen, Waterloo, ON, N2J 1R3
Quick Summary
Quick Summary
- Rare purposely built rental property in Uptown Waterloo
- Potential to expand to 20-35 unit building on site
- Large renovation completed in 2020/21 including utilities
- Flat roof approx. 10-years old, sloped roof replaced in 2017
- Designated Medium Density with max height of 20 meters
- Central key property to assembly with adjacent properties
- Potential for up to 36 units with studio and one-bedrooms
- Potential for increased units with two-bedroom units
Rare find in Uptown Waterloo. This purposely built rental property comprises 5-unit townhome-style suites with terraces located in the heart of the city. Potential to expand size to 20-35 unit building on site. Can build up to 6-storeys. A large renovation was completed in 2020/21 including electrical and plumbing. Total floor area is... Show More
Rare find in Uptown Waterloo. This purposely built rental property comprises 5-unit townhome-style suites with terraces located in the heart of the city. Potential to expand size to 20-35 unit building on site. Can build up to 6-storeys. A large renovation was completed in 2020/21 including electrical and plumbing. Total floor area is 5,784 SF. Flat roof approx. 10-years old & sloped roof shingles replaced in 2017. This is a rare opportunity! City Planning report Available to expand size of the building. Site is designated Medium Density which permits a maximum height of 20 meters on Schedule B1. Enjoy the positive cashflow until you want to develop or hold and sell to a developer. This property is a central key property to the assembly with the two adjacent properties. **** EXTRAS **** If property was redeveloped with all studio and one-bedroom units this would allow for up to 36 units. If the redevelopment proposal included some two-bedroom units the number of permitted units would increase. (id:54626)
Property Details
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For Sale Nearby
Sold Nearby
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