Property Information:

Attention Investors - High Redevelopment Opportunity! $90,000 Gross Annual Income! Investor's dream in prime RMU-81 zoning, offering the highest density in the city with a range of permitted uses. This student rental-licensed, purpose-built property features three spacious units-two 4-bedroom units and one 5-bedroom unit, generating immediate positive cash flow and offering future redevelopment potential. Located on King Street frontage in a high-demand rental area, just steps to Wilfrid Laurier University (650m, less than 1 minute) and the University of Waterloo (2 km, 4 minutes) Walking distance to transit, shops, and amenities.High redevelopment potential with Official Plan designation for intensification and higher density, reducing planning risk for future development. RMU-81 zoning permits a variety of uses, including multi-unit residential building, mixed-use building with residential above, long-term care and assisted living facilities, café, child care centre, drug store, food store, medical clinic, office, personal service shop, restaurant, take-out restaurant, variety store, commercial recreation, commercial wellness, and spiritual use (per RMU zoning regulations). Currently, most units are student-occupied. Showings available for common areas only. Please check the attached RMU-81 by-law for permitted uses. For the possibility of rezoning or redevelopment, buyers must conduct their own due diligence. Floor Plan of all 3 Units A, B & C Attached.

Inclusions: Refrigerator,Stove,Washer,Window Coverings