50
$1,200,000 Sale
Listed 12 hours ago
59 Regina Street N
· 0
· 0
· -
· 4040
Key Facts
Key facts for 59 Regina Street N
Property Type
Other
Parking
3 garage
MLS #
40777416
Size
4040 sqft
Basement
Full
Listed on
2025-10-08
Lot size
-
Tax
$15,019 /yr
Days on Market
1
Year Built
-
Maintenance Fee
-
Description
Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feet of main-floor commercial space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, v...et clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 parking spaces, and a location in the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller's business thrived for over 35 years. Find 3-bedroom and 1- bedroom apartments on the upper floors, each with separate hydro meters, which can help to make this a great investment. Forecasted modest rents and actual expenses show a net operating income of $64,880 making this a favourable investment in the short-term while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88k and NOI of $64k. Explore the possibilities for a great investment, today!, Directions:At the corner of Regina Street North and Young Street East, just 1 block east of King Street North., Exclusions:
Similar Properties (No results)
Listing courtesy of: Victoria Park Real Estate Ltd.