269 Albert StreetWaterloo, ON N2L 3T7
417 - Beechwood/University
Description
Attention investors, builders and savvy parents! 269 Albert St. is one of the last sizeable lots with great frontage in this area that is developable on its own, with no land assembly required. Undeveloped parcels near the universities are few and far between, and most of what remains has already been bought up by developers for their own future projects. The value here is in the land, and the price is very attractive compared to recent sales of similar-size properties with comparable location and zoning. In the meantime, the existing 4-bedroom house works hard for you: rent it out and collect income until you’re ready to redevelop, or buy it for your son or daughter and their friends while they’re at school. Hold, rent, and watch your investment appreciate as development properties in this area become scarcer and harder to obtain. Opportunities with this proximity to the Universities are becoming fewer and more desirable as time goes by. (Supply and Demand). In Northdale, a residential development requires a minimum lot frontage of 65.6 feet (20 metres). Most Northdale lots have about 50 feet of frontage, which falls short of that requirement. That’s what makes this lot so rare. With 80 feet of frontage, it’s a true anomaly in the neighbourhood. (id:31684)
Property Information
- Property type
- Residential
- Sub-type
- Single Family Residence
- Structure type
- House
- Stories
- 2
- Living area
- 1,412 Sq Ft
- Lot size
- 0.24 acres
- Lot dimensions
- 0.24
- Parking spaces
- 5
- Ownership
- Freehold
- Listing #
- 40876279
Property Features
- Cooling
- None
- Heating
- Forced Air · Natural Gas
- Basement
- Partially Finished · Full
- Parking
- Detached
- Construction
- Brick
- Sewer
- Public Sewer
- Water source
- Public
Rooms
Basement
- Recreation room10'0'' x 11'8''
- Laundry8'0'' x 11'4''
- Utility Room12'9'' x 16'0''
Main level
- Bedroom11'6'' x 8'10''
- Bedroom11'6'' x 9'0''
- Kitchen15'0'' x 10'2''
- Living Room15'5'' x 13'0''
Second level
- Bedroom15'3'' x 8'3''
- Bedroom17'6'' x 11'4''
Financial Details
- Annual taxes
- $6,850
Listing Courtesy: Re/Max Real Estate Centre Inc.
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