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$ 4,950,000
Est. payment | /mo
1 SqFt
$ 4,950,000
Est. payment | /mo
1 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $4,950,000
MLS Listing ID X12449299
Annual Tax Amount $26,401
Tax Year 2024
Property Sub-Type Land
Property Description
Exceptional retirement residence opportunity. This well-located, two-storey retirement residence offers 51 suites and is nestled in the serene Riverside enclave of Preston Heights, just minutes from Conestoga College's main campus. Currently, 25 suites are occupied, presenting significant upside potential through the lease-up of remaining units. Long-term, the property's zoning/official plan designation may also permit redevelopment for medium-density residential, student housing or other institutional uses, making this a versatile investment opportunity.
Location
Province ON
County Waterloo
Area Waterloo
Zoning N3 RM3
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 66.0
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
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