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189 Park Street, Waterloo, ON, N2L 1Y7

MLS® # 40661940
Commercial For Sale In Central, Waterloo, Ontario
$1,295,000
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
189 Park Street, Waterloo, ON
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ACTIVE
189 Park Street, Waterloo, ON, N2L 1Y7
$1,295,000

Property Information:

Welcome to this remarkable mixed-use building located in a highly desirable neighbourhood in Uptown Waterloo, just across the street from Sun Life Financial. This property offers an exceptional investment opportunity with a large upper floor residential unit and ground floor commercial unit. The property's desirable location presents an excellent investment opportunity for redevelopment with the added benefit of a strong holding income. Whether you're an investor looking to capitalize on the potential for future development or seeking an income-generating property, this mixed-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 185,181,177,173 Park St & 35 John St. These properties provide ample space for an amazing redevelopment project. The Region of Waterloo's new official plan opens up a world of possibilities, whether it be constructing additional residential units, mixed-use spaces, or new high-rise developments. Uptown Waterloo is a vibrant and thriving neighbourhood, known for its lively atmosphere, trendy shops, and diverse dining options. The area attracts professionals, students, and families alike, making it an ideal location for investment and development opportunities. Don't miss out on this exceptional chance to invest in a large mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods, only steps from the Allen LRT stop.

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Partial
  • Construction Materials: Vinyl Siding, Wood Siding
  • Lot Depth: 122 Feet
  • Lot Features: Business Centre, City Lot, High Traffic Area, Hospital
  • Lot Frontage: 40.00 Feet
  • Water Source: Municipal
  • Zoning: U2-20
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 7

Courtesy of: Sotheby's International Realty Canada, Brokerage

Data provided by: The Oakville, Milton and District Real Estate Board 125 Navy Street, Oakville, Ontario L6J 2Z5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 189 Park Street, Waterloo, ON, N2L 1Y7

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 189 Park Street , experiences 7 hot days per year at around 30.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.7℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 189 Park Street , experiences 11 significant 2-day storms per year, with about 321.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 399mm of precipitation per year.

Precipitation Per Storm

Past
321.4mm
2050
399mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 189 Park Street, Waterloo, ON, N2L 1Y7

Life Stage

Older Families

Employment Type

Service Sector/White Collar

Average Household Income

$133,062.50

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.9 %

High school certificate or equivalent

20.19 %

Apprenticeship trade certificate/diploma

2.71 %

College/non-university certificate

17.82 %

University certificate (below bachelor)

1.54 %

University Degree

47.84 %

Commuter

Travel To Work

By Car

67.65 %

By Public Transit

10.89 %

By Walking

12.33 %

By Bicycle

3.96 %

By Other Methods

5.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

73.01 %

Houses

26.99 %

Own Vs. Rent

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