269 Albert Street Waterloo, Ontario N2L 3T7

4 Bedroom 1 Bathroom 1,412 sqft
None Forced Air

$1,150,000

Attention investors, builders and savvy parents! 269 Albert St. is one of the last sizeable lots with great frontage in this area that is developable on its own, with no land assembly required. Undeveloped parcels near the universities are few and far between, and most of what remains has already been bought up by developers for their own future projects. The value here is in the land, and the price is very attractive compared to recent sales of similar-size properties with comparable location and zoning. In the meantime, the existing 4-bedroom house works hard for you: rent it out and collect income until you’re ready to redevelop, or buy it for your son or daughter and their friends while they’re at school. Hold, rent, and watch your investment appreciate as development properties in this area become scarcer and harder to obtain. Opportunities with this proximity to the Universities are becoming fewer and more desirable as time goes by. (Supply and Demand) (id:43503)

Property Details

MLS® Number 40876342
Property Type Multi-family
Neigbourhood Northdale
Amenities Near By Schools
Parking Space Total 5

Building

Bathroom Total 1
Bedrooms Total 4
Basement Development Partially Finished
Basement Type Full (partially Finished)
Cooling Type None
Exterior Finish Brick
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,412 Sqft
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Schools
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 80 Ft
Size Irregular 0.24
Size Total 0.24 Ac|under 1/2 Acre
Size Total Text 0.24 Ac|under 1/2 Acre
Zoning Description (h)rn-6

https://www.realtor.ca/real-estate/30482654/269-albert-street-waterloo

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