Message Number375316
statusActive
Subject LineWATERLOO. Development Land for Sale. $1,899,000. EXCELLENT LOCATION! SITE PLAN APPROVED FOR 65 BEDROOM STUDENT HOUSING. 5-10 MINS AWAY FROM BOTH UNIVERSITIES.
Business area
Canada
Ontario
Southwestern Ontario
Waterloo
Location, CityWaterloo
Have/WantHave
Business categorySites Commercial and Industrial
Subdivision Potential/Condo Sites/Townhouse Sites/Building Lots
Date of ListingMarch 28 2019
Type DescriptionLand for Sale
LocationWaterloo, Ontario
Price$1,899,000.00
Comments- Premium 110 ft x 128 ft lot for sale in Waterloo, Ontario.
- Site Plan approved to build Student Housing with 65 bedrooms.
- Within 5-10 mins drive to University of Waterloo and Wilfred Laurier University.
- Building permit can be issued within 4-6 weeks and project construction can be completed in 36-48 weeks.
- Construction cost is approx $3,500,000 and Land is priced to sell at $1,899,000.
- Projected NOI is approx $431,000/year
- Projected appraised value of project upon completion is $7,500,000.
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Broker's Recommendation2.5% to Coop
ControlRegular Client
NameAli Cheema
TitleSales Representative
Company NameRoyal Lepage Vision Realty Brokerage
Address Line One1-2210 Markham Road
CityToronto
State/ProvinceOntario
Zip/Postal CodeM1B5V6
CountryCanada
Business Phone Number(647)995-2541
Cell Number(647) 995-2541
Email AddressSend Email
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