16 Young E St, Waterloo, Ontario N2J 2L3

Zoned U1-40(12 storeys) ~~~ Projected revenue of $88k and NOI of $65k ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner-occupier! 1400+ sq. of main-floor retail space, zoning permits financial institution, medical office, personal services, restaurant, retail store, tech office, vet clinic, art studio, business incubator, and so much more! Corner-lot exposure, 9 parking+3 garage, and a location in the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller’s business thrived for over 35 years. 2x upper apartments, 3 and 1 bedrooms, each with separate hydro meters, which can help to make this a great investment! Forecasted cap rate over 4%. Hold and plan for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in.