189 PARK St
Waterloo, N2L 1Y7
FOR SALE
$1,295,000
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BEDROOMS2
BATHROOMS1
KITCHENS10
ROOMSX10404486
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Property Description
Welcome to this remarkable mixed-use building located in a highly desirable neighbourhood in Uptown Waterloo, just across the street from Sun Life Financial. This property offers an exceptional investment opportunity with a large upper floor residential unit and ground floor commercial unit. The property's desirable location presents an excellent investment opportunity for redevelopment with the added benefit of a strong holding income. Whether you're an investor looking to capitalize on the potential for future development or seeking an income-generating property, this mixed-use building offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 185,181,177,173 Park St & 35 John St. These properties provide ample space for an amazing redevelopment project. The Region of Waterloo's new official plan opens up a world of possibilities, whether it be constructing additional residential units, mixed-use spaces, or new high-rise developments. Uptown Waterloo is a vibrant and thriving neighbourhood, known for its lively atmosphere, trendy shops, and diverse dining options. The area attracts professionals, students, and families alike, making it an ideal location for investment and development opportunities. Don't miss out on this exceptional chance to invest in a large mixed-use property with redevelopment potential in one of Waterloo's most desirable neighbourhoods, only steps from the Allen LRT stop.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-06-06 | 2023-10-31 | 158 | $1,650,000 | - | Expired |
Property Features
Hospital
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Property Details
Street
City
Property Type
Detached, 2-Storey
Lot Size
40' x 122'
Acreage
< .50
Taxes
$6,811 (2023)
Basement
Part Bsmt, Unfinished
Exterior
Brick, Wood
Heat Type
Radiant
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
7
Garage Type
Outside/Surface
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Main | 13.16' x 23.43' | |
| Other | Main | 11.32' x 9.74' | |
| Other | Main | 6.43' x 9.58' | |
| Bathroom | Main | 4.92' x 7.41' | |
| Br | 2nd | 10.07' x 7.51' | |
| Br | 2nd | 10.01' x 11.15' | |
| Prim Bdrm | 2nd | 10.50' x 10.40' | W/I Closet |
| Bathroom | 2nd | 9.25' x 4.99' | |
| Kitchen | 2nd | 9.58' x 9.91' | |
| Dining | 2nd | 10.76' x 9.32' |
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Waterloo Market Statistics
Waterloo Price Trend
189 PARK St is a 3-bedroom 2-bathroom home listed for sale at $1,295,000, which is $564,236 (77.2%) higher than the average sold price of $730,764 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 3 bedroom home in Waterloo declined by $26,584 (3.5%) compared to the previous 30 day period (September 24 - October 23) and down $30,486 (4.0%) from the same time one year ago.Inventory Change
There were 17 3-bedroom homes listed in Waterloo over the last 30 days (October 24 - November 22), which is down 22.7% compared with the previous 30 day period (September 24 - October 23) and down 26.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Waterloo typically sold ($3,581) (0.5%) below asking price over the last 30 days (October 24 - November 22), which represents a $31,693 decrease compared to the previous 30 day period (September 24 - October 23) and ($8,125) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Waterloo over the last 30 days (October 24 - November 22) stood at 100.0%, down from 131.8% over the previous 30 days (September 24 - October 23) and up from 69.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Waterloo stood at 13 days when successfully sold over the last 30 days (October 24 - November 22), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada, Brokerage
Similar Listings
Welcome to this impressive triplex home located in a highly sought-after neighborhood in Uptown Waterloo, just across the street from Sun Life Financial. This prime location offers convenience and accessibility, with the Allen LRT station, Grand River Hospital, and Belmont Village all within a short walk. The property's desirable location presents an excellent investment opportunity for redevelopment, with the added benefit of a strong holding income. Whether you're an investor looking to capitalize on the potential for future development or seeking an income-generating property, this triplex offers the best of both worlds. For those interested in expansion or further development, the property can be purchased together with 189,181,177,173 Park St & 35 John St. These properties provide ample space for potential redevelopment projects. This new official plan opens up a world of possibilities for the future, whether it be constructing additional residential units, mixed-use spaces, or new high-rise developments. Uptown Waterloo is a vibrant and thriving neighbourhood, known for its lively atmosphere, trendy shops, and diverse dining options. The area attracts professionals, students, and families alike, making it an ideal location for investment and development opportunities. Don't miss out on this exceptional chance to invest in a large triplex property with redevelopment potential in one of Waterloo's most desirable neighbourhoods.
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