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 owner occupier! With over 1480 square feetof main-floor commercial space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, techoffice, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 parking spaces, and a location in the heart ofUptown 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 modestrents and actual expenses show a net operating income of $64,880 making this a favourable investment in the short-term while holding andplanning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents agreat 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!

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On Market

Store W/Apt/Office

Property Type

$14,269 / Year

Est. Taxes

Store With Apt/Office

Style

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Business Type

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Franchise