Income properties for sale
5466 - 5478, Rue Foster, Waterloo
$825,000
+GST/QST
Features
Use of property
Residential, Commercial
Year built
1948
Available commercial area
2,002 sqft
Lot area
14,002 sqft
Number of units
Residential (5), Commercial (1)
Residential units
3 x 3 ½, 2 x 5 ½
Main unit
5 rooms, 3 bedrooms, 1 bathroom
Potential gross revenue
$67,896
Description
This semi-commercial building offers excellent redevelopment potential for the construction of a new multi-residential building. Studies have been conducted proposing various development scenarios ranging from 16 to 26 units, including two commercial spaces, with or without underground parking. The currently profitable building comprises two 5½, three 3½, as well as a commercial space. Situated on a lot of over 14,000 sq ft, it offers ample space for a large-scale project. Energy costs are borne by the tenants. Strategically located in the city center, close to all amenities.
Centris No. 28589669
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Financial details
| Municipal assessment (2024) | |
|---|---|
| Lot | $65,700 |
| Building | $227,000 |
| Total | $292,700 |
| Taxes | |
|---|---|
| Municipal (2026) | $9,147 |
| School (2026) | $276 |
| Total | $9,423 |
| Expenses | |
|---|---|
| Insurance | $6,064 |
| Snow removal | $782 |
| Total | $6,846 |
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