Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feet of main-floor commercial space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, ample parking spaces, 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. Find 3-bedroom and 1- bedroom apartments on the upper floors, each with separate hydro meters, which can help to make this a great investment. Forecasted modest rents and actual expenses show a projected net operating income of $64,880 making this a favourable investment in the short-term while holding and planning 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. Projected revenue of $88k and NOI of $64k. Explore the possibilities for a great investment, today!More details
Looking for a large retail space? This building may be what you are looking for. Room for expansion as there is a vacant commercial lot that comes with it. Located on the Main street of Hanover this building has over 9000 square feet of floor space on two levels. The listing also includes adjacent vacant commercial lot, being Lot 1 W/S Elora St.Plan 700 Hanover S/T GS169650, Town of Hanover, County of Grey on 12th avenue. (Lot size is 85' x 132") assessed at $87.000 and also zoned C1. Inside you will find 5000 square feet on main level with open concept perfect for your ideas. Downstairs is over 4300 square feet of space for further retail or storage with seven foot ceilings. Recent upgrade include (3) FA gas furnaces within last (5) years and (2) ductless AC units. Property is current used as a Retail store. Zoning allows for many uses.More details