59 REGINA Street N (40538365)

59 REGINA Street N, Waterloo, Ontario, N2J3A6
Property TypeOffice Lot Size0.2 acres
Building Area4040

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:51646)


Details
Amenities NearbyHospital, Public Transit, Schools FeaturesVisual exposure, Paved driveway
OwnershipFreehold TransactionFor sale
Zoning DescriptionU1-40
Building
BasementFull Exterior FinishAluminum siding, Brick
Size Exterior4040.0000 Size Interior4040.0000
Storeys Total3 Utility WaterMunicipal water
Land
Size Total0.199 ac|under 1/2 acre Size Frontage66 ft
Access TypeHighway access, Rail access AmenitiesHospital, Public Transit, Schools
SewerMunicipal sewage system Size Depth131 ft
Size Irregular0.199

Listing Office: Victoria Park Real Estate Ltd.

Data Provided by Waterloo Region Association of REALTORS®

Last Modified :14/05/2024 09:38:23 AM

Listing Office: Victoria Park Real Estate Ltd.

Data Provided by Waterloo Region Association of REALTORS®

Last Modified :14/05/2024 09:38:23 AM

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