Waterloo, ON N2J 1R3,216 King Street S
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Waterloo, ON N2J 1R3,216 King Street S
Waterloo, ON N2J 1R3,216 King Street S
Waterloo, ON N2J 1R3,216 King Street S
Waterloo, ON N2J 1R3,216 King Street S
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Listed by Roxanne Finn • Chestnut Park Real Estate Limited, Brokerage
$ 2,145,000
Est. payment /mo
Price Dropped by $50K

216 King Street S Waterloo, ON N2J 1R3

10 Beds

6 Baths

5,784 SqFt


UPDATED:

10/31/2024 06:04 PM

Key Details

Property Type Multi-Family

Sub Type Multi-5 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 5,784 sqft

Price per Sqft $370

MLS Listing ID 40633042

Bedrooms 10

Abv Grd Liv Area 5,784

Originating Board Waterloo Region

Annual Tax Amount $10,625

Property Description

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.

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning U2 20

Direction John St. W. & King St. S.

Rooms

Basement Walk-Up Access, Partial, Unfinished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Natural Gas, Radiator

Cooling None

Fireplace No

Appliance Disposal, Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Exterior Feature Awning(s), Balcony, Private Entrance, Separate Hydro Meters

Garage Asphalt, Assigned, Guest

Waterfront No

Roof Type Membrane

Lot Frontage 66.0

Lot Depth 124.08

Garage No

Building

Lot Description Rectangular, Airport, City Lot, Near Golf Course, High Traffic Area, Hospital, Library, Major Anchor, Place of Worship, Public Transit, Regional Mall, School Bus Route, Schools, Shopping Nearby

Faces John St. W. & King St. S.

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Schools

Elementary Schools Elizabeth Ziegler And Macgregor & Our Lady Of Lourdes

High Schools Kitchener Waterloo Collegiate

Others

Senior Community No

Tax ID 224150188

Ownership Freehold/None


Peter Kolisnyk

Broker | Private Office Advisor | License ID: OM14164

+1(905) 815-3521

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