$2,145,000
216 KING Street S Waterloo, ON N2J1R3
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$2,145,000
Est. payment /mo
10 BD
6 BA
5,784 SqFt
Price Dropped by $50K
216 KING Street S Waterloo, ON N2J1R3
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 5,784 sqft
Price per Sqft $370
Subdivision 415 - Uptown Waterloo/Westmount
MLS® Listing ID 40633042
Bedrooms 10
Originating Board Cornerstone - Waterloo Region
Property Description
Rare find in Uptown Waterloo. This purpose built rental property comprises 5 - 2 bedroom with den townhome-style suites with terraces and located in the heart of the city. No shared hallways. 66 ft. frontage on King St. S. across from the Sun Life Building. Large renovation completed in 2020 and 2021 including electrical and plumbing. All rad 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 by AAA+ 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 to mechanical fastened poly-ISO insulation & approx. 10-years old. The sloped section was upgraded with new GAF laminate shingles in 2017. This is a rare opportunity! City Planning Report Available to expand size of the building up to 36 bedrooms. The site is designated Medium Density, 20 metres on Schedule B1 (Height and Density) which permits a maximum height of 20 metres (approximately 6 storeys) and a maximum density of 450 bedrooms per hectare. Based on the site area of 0.08 hectare this translates to a density allowance of approx. 36 bedrooms. (id:24570)
Location
Province ON
Interior
Cooling None
Exterior
Garage No
Community Features High Traffic Area, School Bus
Waterfront No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Chestnut Park Real Estate Limited, Brokerage
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