Frontside or backside of a home, cottage for 185 PARK St, Waterloo Ontario N2L 1Y7
54 days on Market

185 PARK St, Waterloo, Ontario N2L 1Y7

Detached
4
3
- sqft
$1,285,000
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$6,425Cashback
Detached
4
3
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$5,519/mo

Tax Amount (2023)$5,591/yr

Days On Market54 days


Description

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 an income-generating property, this triplex offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 189,181,177,173 Park St & 35 John St. These properties provide ample space for potential redevelopment projects. This new official plan opens up a world of possibilities for the future, 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 triplex property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.


Property Details

Style3-Storey
View-
Age of property-
SqFt-
Lot Size5,368 SqFt(122 x 44)
Parking Spaces8
MLS ®NumberX10404485
Community NameCentral
Data SourceTRREB
Listing bySotheby's International Realty Canada, Brokerage

Features

Heating: Radiant
Cooling: Wall Unit
Basement: Full, Unfinished

Main Floor

Kitchen

3.68 x 3.96

Bathroom

2.41 x 1.96

Living

4.27 x 3.66

Kitchen

3.33 x 3.91


Features

Lot size: 5,368 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property listed by Sotheby's International Realty Canada, Brokerage, Brokerage

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Population and Demographics

Overview

Total population 13995
Average household income $123,262

Age (%)

20 to 34
38%
65 and plus
21%
35 to 49
15%
0 to 19
13%
50 to 64
13%

Household composition (%)

Single person
44%
Single family
43%
Multi person
13%
Multi family
0%

Mother tongue (%)

English
79%
Others
5%
Mandarin
5%
German
2%
Spanish
1%
French
1%
Hindi
1%
Arabic
1%

House tenancy (%)

Renters
64%
Owners
36%

Schools and amenities

Estimated Budget