Frontside or backside of a home, cottage for 189 PARK St, Waterloo Ontario N2L 1Y7
54 days on Market

189 PARK St, Waterloo, Ontario N2L 1Y7

Detached
3
2
- sqft
$1,295,000
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Detached
3
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$5,561/mo

Tax Amount (2023)$6,811/yr

Days On Market54 days


Description

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.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size4,880 SqFt(122 x 40)
Parking Spaces7
MLS ®NumberX10404486
Community NameCentral
Data SourceTRREB
Listing bySotheby's International Realty Canada, Brokerage

Features

Heating: Radiant
Cooling: Wall Unit
Basement: Part Bsmt, Unfinished

Main Floor

Other

7.14 x 4.01

Other

2.97 x 3.45

Other

2.92 x 1.96

Bathroom

2.26 x 1.50


Features

Lot size: 4,880 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 7


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