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$ 2,100,000
Est. payment /mo
New
310 King ST N Waterloo, ON N2J 2Z2
9 Beds
4 Baths
UPDATED:
02/07/2025 09:26 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
MLS Listing ID X11959478
Style 2-Storey
Bedrooms 9
Annual Tax Amount $7,444
Tax Year 2024
Property Description
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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Finished with Walk-Out, Separate Entrance
Kitchen 3
Separate Den/Office 4
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 6.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 66.02
Lot Depth 122.2
Total Parking Spaces 6
Building
Foundation Concrete
Listed by SPECTRUM REALTY SERVICES INC.