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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 1,150,000

Est. payment | -/mo

4 Beds

1 Bath

1,412 SqFt

Save

$ 1,150,000

Est. payment | -/mo

Save

4 Beds

1 Bath

1,412 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1412

Square Footage 1,412 sqft

Price per Sqft $814

Subdivision 417 - Beechwood/University

MLS® Listing ID 40876279

Style Other

Bedrooms 4

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Freehold

Property 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:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Second level 8'3'' x 15'3'' Bedroom

Extra Room 2 Second level 11'4'' x 17'6'' Bedroom

Extra Room 3 Basement 16'0'' x 12'9'' Utility room

Extra Room 4 Basement 11'8'' x 10'0'' Recreation room

Extra Room 5 Basement 11'4'' x 8'0'' Laundry room

Extra Room 6 Main level Measurements not available 4pc Bathroom

Interior

Heating Forced air,

Cooling None

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage Yes

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Architectural Style Other

Others

Ownership Freehold

Listed by Re/Max Real Estate Centre Inc.

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

info@tonyledi.com

CAN

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269 ALBERT Street Waterloo, ON N2L3T7