70 SHORT Street, Waterloo, Ontario, N2L1Y1
$2,345,678 - For sale
Don't miss this opportunity to acquire ±0.26 acres in Uptown Waterloo. The increasing demand for multi=residential development in Waterloo Region and its highly-desirable location makes this an ideal development site. This property is ± ft deep and has ±66 feet of frontage on Short Street. The single-family home that's currently on the property backs onto a public parking lot (owned by the City of Waterloo) on Caroline Street South. Its RMU-20 (Residential Mixed-Use) zoning is optimal for multi-residential buildings and mixed-use buildings with dwelling units above the first story. This prime location is steps away from the Willis Way LRT stations and a short walk to all that the Uptown area has to offer, including restaurants, retail stores, and the Public Square. There are many design options that could work for this site. As a starting point, two different development concepts have already been created for this property GSP Group: Option One: a six-story apartment featuring 36 residential suites, 27 parking spaces, and a gross floor area of ±31,096 SF (±2,889 m2). Density: 182 Beds/AC (450 Beds/Ha). Option Two: a five-story stacked townhouse with 12 residential suites, 20 underground parking spaces, and a gross floor area of ±24,164 SF (±24, 164 m2). Density: 145 Beds/Ac (360 Beds/Ha) Value is in the land. (id:2471)
Location DescriptionShort St and Alexandra Ave
- Property Address:70 SHORT Street, Waterloo, Ontario, N2L1Y1
- Property Type:Single Family
- Lot Size:0.26 ac|under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Structure Style:House
- Building Age:1867
- Floor Space:2250
- Heating Type:Natural gas, Forced air
- Basement Type:Partial (Unfinished)
- Foundation Type:Stone
- Cooling Type:Central air conditioning
- Exterior Type:Other
- Amenities Nearby:Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
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Royal LePage Wolle Realty Brokerage - Waterloo
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70 SHORT Street, Waterloo, Ontario, N2L1Y1
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