216 KING Street S, Waterloo, Ontario

$2,145,000

10 Beds
6 Baths
5,784 Square Feet

Rare find in Uptown Waterloo. This purpose built rental property comprises 5 - 2 bedroom with den townhome-style suites with terraces and located in the heart of the city. No shared hallways. 66 ft. frontage on King St. S. across from the Sun Life Building. Large renovation completed in 2020 and 2021 including electrical and plumbing. All rad controls in units replaced this July. Suites have been tastefully renovated. Total floor area is 5,784 sf. Boutique building that is unique and sought-after by AAA+ tenants. Walking distance to Allen Station, University of Waterloo, Conestoga College, Grand Valley Hospital and Kitchener Public Library. Flat section of roof is Carlisle 60mil EPDM single-ply membrane fully adhered to mechanical fastened poly-ISO insulation & approx. 10-years old. The sloped section was upgraded with new GAF laminate shingles in 2017. This is a rare opportunity! City Planning Report Available to expand size of the building up to 36 bedrooms. The site is designated Medium Density, 20 metres on Schedule B1 (Height and Density) which permits a maximum height of 20 metres (approximately 6 storeys) and a maximum density of 450 bedrooms per hectare. Based on the site area of 0.08 hectare this translates to a density allowance of approx. 36 bedrooms. (id:23309)

Listing ID: 40633042
Property Type: Multi-family

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Details

Amenities Nearby: Airport, Golf Nearby, Hospital, Place of Worship, Public Transit, Schools, Shopping
Community Features: High Traffic Area, School Bus
Features: Paved driveway
Ownership: Freehold
Parking Spaces: 10
Transaction: For sale
Zoning Description: U2 20

Building

BasementType: Partial (Unfinished)
Basement Development: Unfinished
Cooling: None
Exterior Finish: Brick
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 6
Heating Fuel: Natural gas
Size Interior: 5784 sqft
Stories Total: 2
Utility Water: Municipal water

Land

Amenities: Airport, Golf Nearby, Hospital, Place of Worship, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 66 ft

Listing provided by Chestnut Park Real Estate Limited, Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 216 KING Street S in Waterloo Ontario. It was last modified on August 15th, 2024. Contact the AJ Collective to schedule a viewing or to discover other Waterloo real estate for sale.

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