Listed by Spectrum Realty Services Inc..

310 King Street N is a Detached, 2-Storey and is currently for Sale @ $2,100,000. Taxes in 2024 were $7,444.15.

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Attention Investors - High Redevelopment Opportunity! $90,000 Gross Annual Income! Investor's dream in prime RMU-81 zoning, offering the highest density in the city with a range of permitted uses. The 2-Storey on 310 King Street N has 9 bedrooms, 4 bathrooms, and is located on a 122.20 x 66.02 ft lot in the community of . This student rental-licensed, purpose-built property features three spacious units-two 4-bedroom units and one 5-bedroom unit, generating immediate positive cash flow and offering future redevelopment potential. Located on King Street frontage in a high-demand rental area, just steps to Wilfrid Laurier University (650m, less than 1 minute) and the University of Waterloo (2 km, 4 minutes).Walking distance to transit, shops, and amenities. High redevelopment potential with Official Plan designation for intensification and higher density, reducing planning risk for future development. RMU-81 zoning permits a variety of uses, including multi-unit residential building, mixed-use building with residential above, long-term care and assisted living facilities, cafe, child care centre, drug store, food store, medical clinic, office, personal service shop, restaurant, take-out restaurant, variety store, commercial recreation, commercial wellness, and spiritual use (per RMU zoning regulations).Currently, most units are student-occupied. Showings available for common areas only. Please check the attached RMU-81 by-law for permitted uses. For the possibility of rezoning or redevelopment, buyers must conduct their own due diligence.

The address 310 King Street N was listed for sale (MLS# X11959478) on Thursday, February 06, 2025.