185 Park Street Waterloo, Ontario N2L 1Y7

$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:59646)

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https://www.realtor.ca/real-estate/27226547/185-park-street-waterloo