59 Regina St N, Waterloo, N2J 2L3

Listing Overview

Description

Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owneroccupier! With over 1480 square feet of main-floor commercial space, the zoning permits financialinstitution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, artstudio, business incubator, and so much more! With corner-lot exposure, 10 parking spaces, and a locationin the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller's businessthrived for over 35 years. Find 3-bedroom and 1-bedroom apartments on the upper floors, each withseparate hydro meters, which can help to make this a great investment. Forecasted modest rents andactual expenses show a net operating income of $64,880 making this a favourable investment in the shortterm while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, ConestogaCollege, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residentialtenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88kand NOI of $64k. Explore the possibilities for a great investment, today!

29 days

On Market

Store W/Apt/Office

Property Type

$15,019 / Year

Est. Taxes

Store With Apt/Office

Style

-

Business Type

-

Franchise