59 Regina Street N Waterloo, Ontario N2J 3A6
$1,695,000
Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feet of main-floor commerical space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 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 net operating income of $64,880 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 $64k. Explore the possibilities for a great investment, today! (id:43503)
Property Details
| MLS® Number | 40710269 |
| Property Type | Other |
| Neigbourhood | Uptown |
| Amenities Near By | Hospital, Public Transit, Schools |
| Features | Southern Exposure, Visual Exposure, Paved Driveway |
Building
| Basement Type | Full |
| Exterior Finish | Aluminum Siding, Brick |
| Stories Total | 3 |
| Size Exterior | 4040.0000 |
| Size Interior | 4,040 Ft2 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Highway Access, Rail Access |
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 131 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 0.199 |
| Size Total | 0.199 Ac|under 1/2 Acre |
| Size Total Text | 0.199 Ac|under 1/2 Acre |
| Zoning Description | U1-40 |
https://www.realtor.ca/real-estate/28092846/59-regina-street-n-waterloo
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March 30 2025 01:58:19
Waterloo Region Association of REALTORS®
Victoria Park Real Estate Ltd.