216 King Street S Waterloo, Ontario N2J 1R3
$2,195,000
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:42029)
Property Details
| MLS® Number | 40633042 |
| Property Type | Multi-family |
| AmenitiesNearBy | Airport, Golf Nearby, Hospital, Place Of Worship, Public Transit, Schools, Shopping |
| CommunityFeatures | High Traffic Area, School Bus |
| Features | Paved Driveway |
| ParkingSpaceTotal | 10 |
Building
| BathroomTotal | 6 |
| BedroomsTotal | 10 |
| BasementDevelopment | Unfinished |
| BasementType | Partial (unfinished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| StoriesTotal | 2 |
| SizeInterior | 5784 Sqft |
| UtilityWater | Municipal Water |
Parking
| Visitor Parking |
Land
| Acreage | No |
| LandAmenities | Airport, Golf Nearby, Hospital, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 124 Ft |
| SizeFrontage | 66 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | U2 20 |
https://www.realtor.ca/real-estate/27294294/216-king-street-s-waterloo
Interested?
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Roxanne Finn
Broker
64 Hillcrest Drive
Stratford, Ontario N5A 5J1
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August 23 2024 06:40:56
Kitchener-Waterloo Association of REALTORS®
Chestnut Park Real Estate Limited, Brokerage