Waterloo, ON N2J3A6 59 REGINA Street N

$1,695,000

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Presented By: Victoria Park Real Estate Ltd.

MLS# 40710269
03/29/2025

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SQFT • 4,040
Garage • 1

Home Details

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, vet 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! (id:7434)

Presented By: Victoria Park Real Estate Ltd.

Interior Features for 59 REGINA Street N

Other Interior Features

Basement TypeFull

Building Fireplace PresentFalse

General for 59 REGINA Street N

AmenitiesHospital, Public Transit, Schools

Building.StoriesTotal3

FeaturesSouthern exposure, Visual exposure, Paved driveway

Location DescriptionAt the corner of Regina Street North and Young Street East, just 1 block east of King Street North.

Ownership TypeFreehold

Property TypeOther

Zoning DescriptionU1-40

Exterior for 59 REGINA Street N

Exterior FinishAluminum siding, Brick

Land Amenities Hospital, Public Transit, Schools

SewerMunicipal sewage system

Additional Details

Zayd Hamamiyah

Realtor ®, BBA Hon.

Price $1,695,000

MLS#40710269

List Date 03/29/2025

Property Type Commercial

Phone 289.816.2923

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Waterloo, ON N2J3A6 59 REGINA Street N

$1,695,000

Home Details

Interior Features for 59 REGINA Street N

Other Interior Features

General for 59 REGINA Street N

Exterior for 59 REGINA Street N

Additional Details

Zayd Hamamiyah

Similar Properties to 59 REGINA Street N

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