REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,100,000
Est. payment | /mo
13 Beds
4 Baths
2,499 SqFt
$ 2,100,000
Est. payment | /mo
13 Beds
4 Baths
2,499 SqFt
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,499 sqft
Price per Sqft $840
MLS® Listing ID X11959478
Bedrooms 13
Half Baths 1
Originating Board Toronto Regional Real Estate Board
Property Sub-Type Freehold
Property Description
Attention Investors - High Redevelopment Opportunity! $90,000 Gross Annual Income! Investor's dream in prime RMU-81 zoning, offering the highest density in the city with a range of permitted uses. This student rental-licensed, purpose-built property features three spacious units-two 4-bedroom units and one 5-bedroom unit, generating immediate positive cash flow and offering 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. RMU-81 zoning permits a variety of uses, including multi-unit residential building, mixed-use building with residential above, long-term care and assisted living facilities, cafe, child care centre, drug store, food store, medical clinic, office, personal service shop, restaurant, take-out restaurant, variety store, commercial recreation, commercial wellness, and spiritual use (per RMU zoning regulations).Currently, most units are student-occupied. Showings available for common areas only. Please check the attached RMU-81 by-law for permitted uses. For the possibility of rezoning or redevelopment, buyers must conduct their own due diligence. (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by SPECTRUM REALTY SERVICES INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada