310 King Street N Waterloo, Ontario N2J 2Z2
$2,100,000
Attention Investor- High Redevelopment Opportunity!$90,000+ Gross Annual Income! Investor's dream in prime MR-25 zoning, the highest density in the city. This student rental-licensed, purpose-built property features three spacious units - two 4-bedroom units and one 5-bedroon unit, offering immediate positive cash flow and future redevelopment potential. Located on King Street frontage in a high-demand rental area, just steps to Wilfrid Laurier University (650m, less than 1 minute) and the University of Waterloo (2 km, 4 minutes). Walking distance to transit, shops, and amenities. High redevelopment potential with Official Plan designation for intensification and higher density, reducing planning risk for future development. Ideal for investors looking for strong cash flow now and long-term growth potential. Currently Student occupy most unit. Showing possible to common area only, For the possibility of rezoning or redevelopment, please do your due diligence. (id:24801)
Property Details
| MLS® Number | X11959478 |
| Property Type | Single Family |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 13 |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Walk Out |
| Basement Type | N/a (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding, Brick Facing |
| Foundation Type | Concrete |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 122 Ft ,2 In |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 122.2 Ft |
| Size Total Text | 66 X 122.2 Ft |
| Zoning Description | Mr25 |
https://www.realtor.ca/real-estate/27885002/310-king-street-n-waterloo
Contact Us
Contact us for more information
Nik Thakkar
Broker
www.nikthakkar.com/
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8400 Jane St., Unit 9
Concord, Ontario L4K 4L8
(416) 736-6500
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www.spectrumrealtyservices.com/
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February 08 2025 02:36:00
Toronto Real Estate Board
Spectrum Realty Services Inc.