32
16 Young St E
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Key Facts
Key facts for 16 Young St E
Property Type
Commercial
Parking
Other , 12 parking
MLS #
X7260726
Size
-
Basement
Y
Listed on
-
Lot size
66 x 131.00
Tax
$13,466 /yr
Days on Market
-
Approximate Age
100+
Maintenance Fee
-
Description
Zoned U1-40(12 storeys) ~~~ Projected revenue of $88k and NOI of $65k ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner-occupier! 1400+ sq. of main-floor retail space, zoning permits financial institution, medical office, personal services, restaurant, retail store, te...ch office, vet clinic, art studio, business incubator, and so much more! Corner-lot exposure, 9 parking+3 garage, and a location in the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller's business thrived for over 35 years. 2x upper apartments, 3 and 1 bedrooms, each with separate hydro meters, which can help to make this a great investment! Forecasted cap rate over 4%. Hold and plan for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. **** Extras **** Main roof was replaced in 2017. Owned Water heater replaced 2017. Porch roof was replaced in 2013-2014. Lennox furnace replaced in 2009. **INTERBOARD LISTING: WATERLOO REGION ASSOCIATION OF REALTORS**
Courtesy of: VICTORIA PARK REAL ESTATE LTD.