$1,285,000
Available - For Sale
Listing ID: X10404286
185 PARK St , Waterloo, N2L 1Y7, Ontario


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.
Price $1,285,000
Taxes: $5591.02
Assessment: $494000
Assessment Year: 2024
Occupancy by: Tenant
Address: 185 PARK St , Waterloo, N2L 1Y7, Ontario
Postal Code: N2L 1Y7
Province/State: Ontario
Legal Description: PT LT 5 PL 408, AS IN 908461, SAVE AND E
Lot Size: 44.00 x 122.00 (Feet)
Directions/Cross Streets: John st w and Park st
Category: With Property
Total Area: 2800.00
Total Area Code:  Sq Ft
Insurance Expense: $2187
 Heat Expenses: $2604
Operating Expenses: $7646
Net Income Before Debt: $42575
Expenses Actual/Estimated: $Act
Sewers: Sewers
Water: Municipal
$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Sotheby's International Realty Canada, Brokerage
Personal Picture
Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Sale Of Business
Area: Waterloo
Municipality: Waterloo
Neighbourhood:
Style:
Lot Size: 44.00 x 122.00(Feet)
Approximate Age:
Tax: $5,591.02
Maintenance Fee: $650
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
$
%
%
Years