Waterloo
Waterloo
Listed For $2,100,000
Get Pre-approvedTerminated Apr 2025
Attention Investors - High Redevelopment Opportunity! $90,000 Gross Annual Income! Investor's dream in prime RMU-81 zoning, offering the highest density in the city with a range of permitted uses. This student rental-licensed, purpose-built property features three spacious units-two 4-bedroom units and one 5-bedroom unit, generating immediate positive cash flow and offering 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. RMU-81 zoning
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