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216 King St S

King St SMary AllenWaterlooON, N2J 1R3

-
Beds
-
Baths
5,784
Sq. Ft.
$2,195,000
List Price
216 King St S, Waterloo, ON - 1 of 3
216 King St S, Waterloo, ON - 2 of 3
216 King St S, Waterloo, ON - 3 of 3
82 days on market

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

Size

5,784 sq. ft.
0 Beds
0 Baths

Lot

Size
792′0″ * 1487′12″
Acres
-

Heating & Cooling

Heating
Hot water radiator heat
Cooling
-

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X9255767
Last Updated
October 16, 2024
Brokerage
CHESTNUT PARK REAL ESTATE LIMITED
Powered by: REALTOR.ca
Call us 800-591-0566

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