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Waterloo,ON N2L 1W6
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X12102478
Annual Tax Amount $17,800
Tax Year 2024
Property Sub-Type Investment
Property Description
Prime Development Opportunity WaterlooSite Plan Approved for a 6-storey, 73-unit rental apartment, ideal for CMHCs MLI Select program. Located on 0.561 acres (24,466 sq ft) with 74,981 sq ft GFA. Zoning: RMU-20. Includes 1.5 levels of underground parking (86 spaces). Existing gross income: $129K ($111K NOI). Price: $2.69M ($36/sq ft).Waterloo's median rent is $2,125/month, avg rent $2.71/sq ft. Avg income: $60,250. Household income (2020): $122,400.Strong alignment with MLI Select's affordability and energy efficiency criteria. Strategic location + approved plans = exceptional investment potential.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Heating Yes
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 130.0
Lot Depth 183.0
Building
Lot Description Irregular Lot