Waterloo
Sold For$650,000
Listed For $699,900
Sold 5 months ago
ATTENTION INVESTORS! RMU ZONING, DUPLEX POTENTIAL WITH SEPARATE ENTRANCE, AND ASSEMBLY POTENTIAL WITH 25 HIGH STREET. 366 Holly Street is a solid bungalow offering immediate rental income potential with three bedrooms on the main floor and six additional bedrooms on the lower level, and ideal for duplex configuration. The true long-term value is in the land and flexible RMU zoning, which permits a wide range of multi-unit residential uses, including mid-rise redevelopment. The property also sits within the proposed Sugarbush South Initiative under the City of Waterloo's Housing Accelerator Fund, a planning framework intended to streamline and accelerate approvals for higher-density and "missing middle" housing. An added advantage is the ability to purchase 366 Holly together with the neigh
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