About 216 King Street S
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.
Features of 216 King Street S
| MLS® # | X9255767 |
|---|---|
| Price | $2,195,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Type | Commercial |
| Sub-Type | Investment |
| Status | Active |
Community Information
| Address | 216 King Street S |
|---|---|
| Area | Waterloo |
| City | Waterloo |
| Province | ON |
| Postal Code | N2J 1R3 |
Amenities
| Features | 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. |
|---|---|
| Garages | None |
| Is Waterfront | No |
Interior
| Heating | Gas Hot Water |
|---|---|
| Cooling | No |
| Fireplace | No |
Listing Details
| Office | CHESTNUT PARK REAL ESTATE LIMITED |
|---|