Sale
27 days on website
$1,595,000
Commercial
16 Young St E
Waterloo, N2J 2L3
Waterloo, N2J 2L3
No obligation, free tour cancelation.
Beds · 0
Baths · 3
Description
Zoned U1-40(12 storeys) ~~~ Projected revenue of $88k and NOI of $65k ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner-occupier! 1400+ sq. of main-floor retail space, zoning permits financial institution, medical office, personal services, restaurant, retail store, te...ch office, vet clinic, art studio, business incubator, and so much more! Corner-lot exposure, 9 parking+3 garage, 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. 2x upper apartments, 3 and 1 bedrooms, each with separate hydro meters, which can help to make this a great investment! Forecasted cap rate over 4%. Hold and plan 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. **** Extras **** Main roof was replaced in 2017. Owned Water heater replaced 2017. Porch roof was replaced in 2013-2014. Lennox furnace replaced in 2009. **INTERBOARD LISTING: WATERLOO REGION ASSOCIATION OF REALTORS**
General
Type
Commercial
Style
-
Approximate Age
100+
Square Footage
-
Taxes
$13,466 /yr
Maintenance Fee
-
General
Business Type
-
Industrial Area
0.00
Industrial Area Unit
Sq Ft
Retail Area
0.00
Retail Area Unit
Sq Ft
Office Area
4040.00
Office Area Unit
Sq Ft
Total Area
0.20
Total Area Unit
Acres
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
3
Basement
Y
Heating Fuel
Gas Forced Air Closd
Air Conditioning
Yes
Exterior
Depth
131.00
Front
66.00
Lot Size
66 x 131.00 ft
Parking Spaces
12
Total Parking Spaces
-
Parking Description
Other
Garage Spaces
-
Zoning
U1-40
Building Description
Home Type
Commercial
Subtype
Store W/Apt/Office
Year Built
100+
Sewers
San+Storm
Water Supply
Municipal
Possession Date
1/16/2024
Community
Area Code
40
Taxes & Fees
Taxes
$13,466 /yr
Tax Year
2023
Est. mortgage
$6,618/mo
Sign up and ask a question
Please fill out this field
Please fill out this field
Please fill out this field
Please fill out this field
By continuing you agree to our Terms of use and Privacy Policy.
Courtesy of:
VICTORIA PARK REAL ESTATE LTD.
VICTORIA PARK REAL ESTATE LTD.