Vibrant downtown area in 310 King, Waterloo

Welcome to this exceptional property for sale in Waterloo, a rare gem that is an investor’s dream, boasting high redevelopment potential and impressive cash flow. Priced at $2,100,000, this strategically located property features 13 bedrooms and 4 bathrooms, making it the perfect opportunity for savvy investors looking to capitalize on the booming rental market in one of Ontario’s most vibrant communities.

Prime Location for Maximum Returns

Situated just steps away from Wilfrid Laurier University and a short distance from the University of Waterloo, this property is perfectly positioned to attract students and professionals alike. The King Street frontage offers excellent visibility and accessibility, enhancing its appeal in a high-demand rental area. With a Gross Annual Income of approximately $90,000, this property not only generates immediate positive cash flow but also presents a remarkable opportunity for long-term growth.

Versatile Zoning and Future Redevelopment Potential

This property is zoned RMU-81, which permits a wide array of uses, making it a highly adaptable investment. From multi-unit residential buildings to mixed-use developments, the possibilities are virtually limitless. The zoning allows for various commercial enterprises, including cafes, medical clinics, and personal service shops, providing a unique chance to diversify your investment portfolio. With the Official Plan designation for intensification and higher density, potential buyers can move forward with confidence, knowing that they are investing in a property with reduced planning risk for future development.

The property features three spacious units—two 4-bedroom units and one 5-bedroom unit—specifically designed for student occupancy. Each unit is equipped with modern amenities, including forced air and central air conditioning, ensuring comfort for tenants year-round. The exterior is beautifully finished with vinyl siding and brick facing, providing both durability and aesthetic appeal.

Investing in this property for sale in Waterloo means not just acquiring a building but also embracing a lifestyle and community that is thriving with opportunity. The nearby amenities, including shops, restaurants, and public transportation, enhance the living experience for tenants, making this property an attractive option in the rental market.

Don’t miss out on the chance to own this incredible investment. Schedule a viewing today to explore the potential that this property holds. With its prime location and strong income-generating capabilities, this property is sure to impress!