Size
-
Lot size
6500 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$700 - $933
Taxes
$6,057 (2024)
Parking Type
-
Style
2-Storey
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Description
Under Zoned (H)RN-6, this house permits the addition of four new units, each with six rooms, behind the current structure making this a rare and valuable opportunity for perceptive developers seeking high-density potential in a thriving area. Situated at the intersection of Columbia Street, Alberta Street, Lester Street, and University Avenue, this house offers unbeatable proximity to both the University of Waterloo (UW) and Wilfrid Laurier University (WLU) making it an ideal location for student housing. The existing property features 4+2 (permitted) bedrooms, an owned tankless water heater, and a newly installed heat pump (2023). Currently tenanted by students and generating strong rental income, this is a prime opportunity for investors or developers to enjoy consistent revenue while preparing for future development.
Broker: HOMELIFE LANDMARK REALTY INC.
MLS®#: X12085282
Property details
Parking:
4
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
1500-2000 sqft
Lot front:
50 Ft
Lot depth:
130 Ft
Listed on:
Apr 16, 2025
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Instant estimate:
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$7,191
higher than listed pricei
High
$1,457,345
Mid
$1,406,191
Low
$1,306,278
