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Building and LandMLS® 40842809

617 King Street N, Waterloo ON N2V 2N3

Colonial Acres/East Bridge, Waterloo, N2V 2N3

$4,999,500

0Bedrooms
Building and LandType
58Days on market

The home

About this property

VTB possible. Beautiful Banquet Hall approx. 15,500 sf building sitting on Approx. 1.50 acres with 4 halls (no kitchen/restaurant, but space available to add). Banquet Hall fully renovated last year. 75+ parking spaces. Banquet hall rooms renting on daily base and upcoming bookings already reserved. Site an also be looked at as a redevelopment as it’s located in one of the most vibrant nodes of the region. Prime location with very large frontage on the main road and 3 entrances from main road. Large residential unit on second floor with separate entrance (can easily become 3 res units), 5 rooms, 2.5 bathrooms and kitchen with large dinning/lounge area. 1KM from highway 85. Located 500m down the street form Conestoga Mall and surrounded by all major retailers, hotels and big-box stores. VTB available up to 65% with flexible open terms. C5-81 Zoning allows most all retail uses if the current use is not of use to you. Current owner is retiring. MANY USES ARE POSSIBLE HERE. EVERYTHING FROM HOTEL TO COMMERCIAL SCHOOL AND FUNERAL HOME (AND MANY IN-BETWEEN)

Specifications

Property details

Property type

Commercial Sale

Lot

224.34 x 295.85 ft

Taxes

$79,000 (annual)

Basement

None

Days on market

58

What's included

Features and amenities

Lot

AirportBusiness CentreHigh Traffic AreaHospitalMajor AnchorPublic Transit

Where it sits

Location

Pin placed at the coordinates supplied by the MLS® System.

Listed by Tony Johal, RE/MAX TWIN CITY REALTY INC. (the Cornerstone Association of REALTORS®).

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