216 King Street S, Waterloo, ON, N2J 1R3

MLS® # 40633042

Investment For Sale In Central, Waterloo, Ontario

$2,145,000

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216 King Street S, Waterloo, ON, N2J 1R3

$2,145,000

Property Information:

Rare find in Uptown Waterloo. This purpose built rental property comprises 5 - 2bedroom with den townhome-style suites with terraces and located in the heart ofthe city. No shared hallways. 66 ft. frontage on King St. S. across from the SunLife Building. Large renovation completed in 2020 and 2021 including electrical and plumbing. Allrad controls in units replaced this July. Suites have been tastefully renovated.Total floor area is 5,784 sf. Boutique building that is unique and sought-after byAAA+ tenants. Walking distance to Allen Station, University of Waterloo, Conestoga College, Grand Valley Hospital and Kitchener Public Library.Flat section of roof is Carlisle 60mil EPDM single-ply membrane fully adhered tomechanical fastened poly-ISO insulation & approx. 10-years old. The sloped sectionwas upgraded with new GAF laminate shingles in 2017.This is a rare opportunity! City Planning Report Available to expand size of thebuilding up to 36 bedrooms. The site is designated Medium Density, 20 metres onSchedule B1 (Height and Density) which permits a maximum height of 20 metres(approximately 6 storeys) and a maximum density of 450 bedrooms per hectare. Basedon the site area of 0.08 hectare this translates to a density allowance of approx.36 bedrooms.

Inclusions: Garbage Disposal,Hot Water Tank Owned,Smoke Detector,All Appliances.

Building Features:

Floor Space: 5784 Square Feet

Property Features:

Bedrooms: 10
Acres Range: < 0.5
Basement: Walk-Up Access, Partial, Unfinished
Construction Materials: Brick
Cooling: None
Driveway Parking: Outside/Surface/Open, Visitor Parking
Exterior Features: Awning(s), Balcony, Private Entrance, Separate Hydro Meters
Floor Space (approx): 5784 Square Feet
Heating: Natural Gas, Radiator
Interior Features: Separate Hydro Meters
Laundry Features: In-Suite
Lot Depth: 124.08 Feet
Lot Features: Rectangular, Airport, City Lot, Near Golf Course, High Traffic Area, Hospital, Library, Major Anchor, Place of Worship, Public Transit, Regional Mall, School Bus Route, Schools, Shopping Nearby
Lot Frontage: 66.00 Feet
Parking Features: Asphalt, Assigned, Guest
Roof: Membrane
Security Features: Smoke Detector
Water Source: Municipal
Water Treatment:
Zoning: U2 20
Sewer: Sewer (Municipal)
No. of Parking Spaces: 10

Courtesy of: Chestnut Park Real Estate Limited, Brokerage

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

Location of 216 King Street S, Waterloo, ON, N2J 1R3

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 216 King Street S, experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past

30.6℃

2050

34.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 216 King Street S, experiences 11 significant 2-day storms per year, with about 319.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.3mm of precipitation per year.

Precipitation Per Storm

Past

319.6mm

2050

396.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 216 King Street S, Waterloo, ON, N2J 1R3

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$133,062.50

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.9 %

High school certificate or equivalent

20.19 %

Apprenticeship trade certificate/diploma

2.71 %

College/non-university certificate

17.82 %

University certificate (below bachelor)

1.54 %

University Degree

47.84 %

Commuter

Travel To Work

By Car

67.65 %

By Public Transit

10.89 %

By Walking

12.33 %

By Bicycle

3.96 %

By Other Methods

5.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

73.01 %

Houses

26.99 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 216 King Street S, Waterloo, ON, N2J 1R3

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 216 King Street S, Waterloo, ON, N2J 1R3

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

216 King Street S, Waterloo, ON, N2J 1R3

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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