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Listed by Tony Johal • RE/MAX TWIN CITY REALTY INC. BROKERAGE-2
$ 5,999,990
Est. payment /mo
Active
617 King Street N Waterloo, ON N2V 2N3
16,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $374
MLS Listing ID 40782029
Abv Grd Liv Area 16,000
Annual Tax Amount $79,000
Property Sub-Type Retail,Building and Land
Source Cornerstone
Property Description
VTB possible. Beautiful Banquet Hall approx. 15,500 sf building sitting on Approx. 1.50 acres with 4 halls (no kitchen/restaurant, but space available to add). Banquet Hall fully renovated last year. 75+ parking spaces. Banquet hall rooms renting on daily base and upcoming bookings already reserved. Site an also be looked at as a redevelopment as it's located in one of the most vibrant nodes of the region. Prime location with very large frontage on the main road and 3 entrances from main road. Large residential unit on second floor with separate entrance (can easily become 3 res units), 5 rooms, 2.5 bathrooms and kitchen with large dinning/lounge area. 1KM from highway 85. Located 500m down the street form Conestoga Mall and surrounded by all major retailers, hotels and big-box stores. VTB available up to 70% with flexible open terms. C5-81 Zoning allows most all retail uses if the current use is not of use to you. Current owner is retiring. MANY USES ARE POSSIBLE HERE. EVERYTHING FROM HOTEL TO COMMERCIAL SCHOOL AND FUNERAL HOME (AND MANY IN-BETWEEN)
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning C5-81
Direction CONESTOGA PARKWAY
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 224.34
Lot Depth 295.85
Garage No
Building
Lot Description Airport, Business Centre, High Traffic Area, Hospital, Major Anchor, Public Transit
Faces CONESTOGA PARKWAY
Story 1
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 222810321
Ownership Freehold/None
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