216 King Street S

Waterloo, ON N2J 1R3

About this property

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.

About this property

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.

Features and Additional Information

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$2,145,000 Active
5,784 SQFT

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Brokerage
Chestnut Park Real Estate Limited, Brokerage
1-289-338-0767
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Area Information

4 Waterloo West | Waterloo County | 415 Uptown Waterloo/Westmount

$ 2,145,000
This listing is play_arrow 243.5% higher than the average in the area
$ 624,450 in the area
5,784 SqFt
This listing is play_arrow 378.4% larger than the average in the area
1,209 SqFt in the area
$ 371 $/SqFt
This listing is play_arrow 28.6% less than the average in the area
$ 519 $/SqFt in the area
80 days on site
This listing is play_arrow 105.1% above the average in the area
39 days on site in the area

Schools in the Area

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    Elementary School
    Elizabeth Ziegler And Macgregor
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    Middle School
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    High School
    Kitchener Waterloo Collegiate
Listed By Roxanne Finn
Brokerage: Chestnut Park Real Estate Limited, Brokerage

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