59 REGINA Street N, WATERLOO

2025-10-08
 

Quick Summary

Location
59 REGINA Street N, WATERLOO, Ontario N2J3A6
Price
$1,500,000 CAD
Status:
For Sale
Property Type:
Other
Area:
4040 sqft

MLS®#40777416

Property 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, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, ample 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 projected 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:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Hospital, Public Transit, Schools

Building

  • Basement Type: Full
  • Exterior Finish: Aluminum siding, Brick
  • Fireplace: No
  • Interior Size: 4040 sqft
  • Stories: 3
  • Utility Water: Municipal water

Features

  • Feature: Southern exposure, Visual exposure, Paved driveway

Land

  • Land Size: 0.199 ac|under 1/2 acre
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Zoning

  • Description: U1-40

Information entered by Victoria Park Real Estate Ltd.
Listing information last updated on: 2025-12-06 03:30:49


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