269 Albert Street,Waterloo, ON N2L 3T7
Waterloo, ON N2L 3T7
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.
Details
| MLS # | 40876342 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 8 |
| Listing Provided By | Re/Max Real Estate Centre Inc. | Dan Openshaw |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 1 |
| SQ Feet | 1,412 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Units | 1 |
| Zoning | (H)RN-6 |
| Acreage | 0.24 |
Interior
| Interior Features | None |
|---|---|
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Shared |
Exterior
| Lot Features | Schools |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Security Features | Smoke Detector |
Parking
| Garage Spaces | 1 |
|---|---|
| Parking Features | Detached Garage |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 6850 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Waterloo |
| City | Waterloo |
| Postal Code | N2L 3T7 |
| Area | 4 Waterloo West |
| Subarea | 417 Beechwood | University |
| Community Name | 417 Beechwood/University |
| Listing VS Median (in 417 Beechwood/University) | |
Price: $1,150,000 low | high Med: $379,950 sqft: 1,412 low | high Med: 1,095 $ / sqft: $814 low | high Med: $370 On site: 8 low | high Med: 110 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Waterloo |
| Postal Code | N2L 3T7 |
| Area | 4 Waterloo West |
| Subarea | 417 Beechwood | University |
| Community Name | 417 Beechwood/University |
| Listing VS Median (in 417 Beechwood/University) | |
Price: $1,150,000 low | high Med: $379,950 sqft: 1,412 low | high Med: 1,095 $ / sqft: $814 low | high Med: $370 On site: 8 low | high Med: 110 | |
 | $1,150,000269 Albert StreetWaterloo, ON N2L 3T7 |
 | $1,200,000293 Albert StreetWaterloo, ON N2L 3T9 |