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185 Park Street Waterloo, Ontario N2L 1Y7

4 Bedroom 4 Bathroom 2800 sqft
3 Level Window Air Conditioner Radiant Heat

$999,000

Welcome to this impressive triplex home located in a highly sought-after neighborhood in Uptown Waterloo, just across the street from Sun Life Financial. This prime location offers convenience and accessibility, with the Allen LRT station, Grand River Hospital, and Belmont Village all within a short walk. The property's desirable location presents an excellent investment opportunity for redevelopment, with the added benefit of a strong holding income. Whether you're an investor looking to capitalize on the potential for future development or seeking a property with income-generating potential, this triplex offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 189 Park Street, combining for a substantial lot size of 0.236 acres. With a frontage of 84 ft. and a depth of 122 ft., these properties provide ample space for potential redevelopment projects. Both properties are zoned U2-20, allowing for development of up to 6 storeys. This zoning designation opens up a world of possibilities for the future, whether it be constructing additional residential units, mixed-use spaces, or other commercial ventures. Uptown Waterloo is a vibrant and thriving neighborhood, known for its lively atmosphere, trendy shops, and diverse dining options. The area attracts professionals, students, and families alike, making it an ideal location for investment and development opportunities. Don't miss out on this exceptional chance to invest in a large triplex property with redevelopment potential in one of Waterloo's most desirable neighborhoods. Take advantage of the strong holding income and explore the possibilities that the U2-20 zoning offers. Can be purchased with 189,181,177,173 Park St & 35 John St. It's time to make your mark on Uptown Waterloo's real estate landscape. (id:31697)

Property Details

MLS® Number 40622524
Property Type Single Family
AmenitiesNearBy Hospital
CommunityFeatures High Traffic Area
ParkingSpaceTotal 8

Building

BathroomTotal 4
BedroomsAboveGround 4
BedroomsTotal 4
Appliances Water Meter
ArchitecturalStyle 3 Level
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructionStyleAttachment Detached
CoolingType Window Air Conditioner
ExteriorFinish Vinyl Siding
FoundationType Stone
HalfBathTotal 1
HeatingType Radiant Heat
StoriesTotal 3
SizeInterior 2800 Sqft
Type House
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Hospital
Sewer Municipal Sewage System
SizeDepth 122 Ft
SizeFrontage 44 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription U2-20

Rooms

Level Type Dimensions
Second Level Bedroom 10'5'' x 12'6''
Second Level Living Room 16'9'' x 15'2''
Second Level Kitchen 10'5'' x 10'4''
Second Level Dining Room 15'4'' x 14'11''
Second Level 3pc Bathroom 9'3'' x 6'9''
Second Level Bedroom 14'7'' x 14'5''
Third Level Bedroom 17'5'' x 12'5''
Basement 2pc Bathroom 4'4'' x 7'0''
Main Level 3pc Bathroom 7'0'' x 3'5''
Main Level Living Room 16'9'' x 15'11''
Main Level Bedroom 13'2'' x 10'10''
Main Level Kitchen 10'11'' x 12'10''
Main Level Living Room 14'0'' x 12'0''
Main Level 4pc Bathroom 7'11'' x 6'5''
Main Level Kitchen 12'1'' x 13'0''

https://www.realtor.ca/real-estate/27226551/185-park-street-waterloo

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