189 PARK Street No longer available

Waterloo, N2L 1Y7

$1,295,000

Description

Listed by Sotheby's International Realty Canada, Brokerage.

Welcome to this remarkable mixed-use building located in a highly desirable neighbourhood in Uptown Waterloo, just across the street from Sun Life Financial. This property offers an exceptional investment opportunity with a large upper floor residential unit and ground floor commercial unit. 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 an income-generating property, this mixed-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 185,181,177,173 Park St & 35 John St. These properties provide ample space for an amazing redevelopment project. The Region of Waterloo's new official plan opens up a world of possibilities, whether it be constructing additional residential units, mixed-use spaces, or new high-rise developments. Uptown Waterloo is a vibrant and thriving neighbourhood, 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 mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods, only steps from the Allen LRT stop.

Location

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  • Address: 189 PARK Street
  • Neighborhood:
  • City: Waterloo
  • State: Ontario
  • Postal Code: N2L 1Y7

Property Details

  • Property ID: X10404486
  • Property Price: $1,295,000
  • Style: Detached, 2-Storey
  • Rooms: 10+0
  • Bedrooms: 3+0
  • Bath: 2
  • Parking Spaces: 7
  • A/C: Wall Unit
  • Basement: Part Bsmt, Unfinished
  • Central Vac.: N
  • Den: N
  • Elevator: N
  • Exterior: Brick, Wood
  • Heating: Radiant
  • Fireplace: N
  • Taxes: $6,811.22 (2023)
  • Acreage: < .50 Acres
  • Lot: 122.00x40.00 (Feet)

Room details and dimensions

Statistics for similar Detached homes in

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100