216 King Street S, Waterloo, ON, N2J 1R3

$2,195,000

MLS® # 40633042

Investment For Sale In Central, Waterloo, Ontario

$2,195,000

Property Information:

Rare find in Uptown Waterloo. This purpose built rental property comprises 5 - 2bedroom with den townhome-style suites with terraces and located in the heart ofthe city. No shared hallways. 66 ft. frontage on King St. S. across from the SunLife Building. Large renovation completed in 2020 and 2021 including electrical and plumbing. Allrad controls in units replaced this July. Suites have been tastefully renovated.Total floor area is 5,784 sf. Boutique building that is unique and sought-after byAAA+ tenants. Walking distance to Allen Station, University of Waterloo, Conestoga College, Grand Valley Hospital and Kitchener Public Library.Flat section of roof is Carlisle 60mil EPDM single-ply membrane fully adhered tomechanical fastened poly-ISO insulation & approx. 10-years old. The sloped sectionwas upgraded with new GAF laminate shingles in 2017.This is a rare opportunity! City Planning Report Available to expand size of thebuilding up to 36 bedrooms. The site is designated Medium Density, 20 metres onSchedule B1 (Height and Density) which permits a maximum height of 20 metres(approximately 6 storeys) and a maximum density of 450 bedrooms per hectare. Basedon the site area of 0.08 hectare this translates to a density allowance of approx.36 bedrooms.

Inclusions: Garbage Disposal,Hot Water Tank Owned,Smoke Detector,All Appliances.

Building Features:

  • Floor Space: 5784 Square Feet

Property Features:

  • Bedrooms: 10
  • Acres Range: < 0.5
  • Basement: Walk-Up Access, Partial, Unfinished
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open, Visitor Parking
  • Exterior Features: Awning(s), Balcony, Private Entrance, Separate Hydro Meters
  • Floor Space (approx): 5784 Square Feet
  • Heating: Natural Gas, Radiator
  • Interior Features: Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Depth: 124.08 Feet
  • Lot Features: Rectangular, Airport, City Lot, Near Golf Course, High Traffic Area, Hospital, Library, Major Anchor, Place of Worship, Public Transit, Regional Mall, School Bus Route, Schools, Shopping Nearby
  • Lot Frontage: 66.00 Feet
  • Parking Features: Asphalt, Assigned, Guest
  • Roof: Membrane
  • Security Features: Smoke Detector
  • Water Source: Municipal
  • Water Treatment:
  • Zoning: U2 20
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 10

Courtesy of: Chestnut Park Real Estate Limited, Brokerage

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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