Overview

This other in Waterloo is for sale offering roughly 982 sq ft of space. It has been on the market 9 days, fresher than the Waterloo average of 67 days.

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Description

A commercial unit with 982 SFT is available for SALE. It is located in a student residential area close to Wilfred Laurier University, walkable to University of Waterloo, Conestoga Colleage Waterloo campus, and Waterloo Colleagiate Institute. Facing west from Larch st which has Woonerf design. Front side is all glass for maximum visibility. Washroom is located the back. Many uses are permitted as per NMU-6 mixed use Zoning such as Bake Shop, Cafe, Medical Clinic, pharmaceutical Dispensary, Child Care Centre, Retail shop, Office, Personal Service, etc. Previusly Indian grocery store was operated. At present Indian grocery and convenience store, Medi Spa and Skin Care, Nails, Barber, Ear care, Chinese Restaurant in this building and another restaurant, burgershop, vape shop in another building of the same condo. Lot of student housing buidings around. One parking spot comes with the unit. Buyer to check the propspective business use with the City and Condo. Currently vacant. Easy to show. (id:66096)

Property Details

MLS®: 40871388
Property Type: Other
Zoning: NMU-6
Parking: 1
Interior Size: 982 ft²
Building Area: 982 ft²
Year Built: 2015
Storeys: 6
Basement: None
Condo Fee: $884/mo
Fee Includes: Heat, Water, Insurance
Ownership: Condo/Strata
Listed: 9 days ago

Features

Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$611

List price

$600K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This other in Waterloo has been listed for 9 days, which is 58 days fresher than the city average of 67. Act while there is still low competition.

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Area context

Neighbourhood profile (N2L)

This home lists at $600,000, about 8.6× the local median household income of $69,500.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 69% above the area median.

Median household income: $69,500
Population: 37,953
Median age: 29.8
Owner / renter: 37% / 63%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2L)

$600,000· $611/ft²

For sale

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Financing

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