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Ryan Schinker

ryan@soldbyschinker.com +1(519) 807-8485

Listed by Dan Openshaw • Re/Max Real Estate Centre Inc.

$ 1,150,000

Est. payment | -/mo

4 Beds

1 Bath

1,412 SqFt

Save

$ 1,150,000

Est. payment | -/mo

Save

4 Beds

1 Bath

1,412 SqFt

Key Details

Property Type Single Family Home

Sub Type Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 1,412 sqft

Price per Sqft $814

MLS Listing ID 40876342

Bedrooms 4

Abv Grd Liv Area 1,412

Annual Tax Amount $6,850

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Rooming House

Source Cornerstone

Property Description

Attention investors, builders and savvy parents! 269 Albert St. is one of the last sizeable lots with great frontage in this area that is developable on its own, with no land assembly required. Undeveloped parcels near the universities are few and far between, and most of what remains has already been bought up by developers for their own future projects. The value here is in the land, and the price is very attractive compared to recent sales of similar-size properties with comparable location and zoning. In the meantime, the existing 4-bedroom house works hard for you: rent it out and collect income until you're ready to redevelop, or buy it for your son or daughter and their friends while they're at school. Hold, rent, and watch your investment appreciate as development properties in this area become scarcer and harder to obtain. Opportunities with this proximity to the Universities are becoming fewer and more desirable as time goes by. (Supply and Demand). In Northdale, a residential development requires a minimum lot frontage of 65.6 feet (20 metres). Most Northdale lots have about 50 feet of frontage, which falls short of that requirement. That's what makes this lot so rare. With 80 feet of frontage, it's a true anomaly in the neighbourhood.

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning (H)RN-6

Rooms

Basement Full, Partially Finished

Kitchen 0

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling None

Fireplace No

Laundry Shared

Exterior

Parking Features Detached Garage

Garage Spaces 1.0

Roof Type Asphalt Shing

Lot Frontage 80.0

Lot Depth 132.0

Garage Yes

Building

Lot Description Schools

Story 3

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 223630038

Ownership Freehold/None

Nearby Locations

Ryan Schinker

Agent

+1(519) 807-8485 | ryan@soldbyschinker.com

269 Albert Street Waterloo, ON N2L 3T7

Ryan Schinker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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269 Albert Street