59 REGINA Street
Waterloo, Ontario
4,040 sqft • Other
Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feet of main-floor commercial space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, ample parking spaces, and a location in the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller's business thrived for over 35 years. Find 3-bedroom and 1- bedroom apartments on the upper floors, each with separate hydro meters, which can help to make this a great investment. Forecasted modest rents and actual expenses show a projected net operating income of $64,880 making this a favourable investment in the short-term while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88k and NOI of $64k. Explore the possibilities for a great investment, today!
Price History
Property
- Lot Size
- 0.2 acres
Schools
Elementary
- MacGregor Public School0.3 km
Public · Waterloo Region DSB · 510 students
- Elizabeth Ziegler Public School1 km
Public · Waterloo Region DSB · 510 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 47% met the provincial standard
- École élémentaire L'Harmonie1.2 km
French public · CS Viamonde · 290 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 79% met the provincial standard
Secondary
- Waterloo Collegiate Institute1.3 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School1.8 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- St David Catholic Secondary School1.8 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2J
- Population
- 20,899
- Private dwellings
- 10,672
- Median age
- 36.8
- Average household size
- 2.2
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,031
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,031 recorded sales of other properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$300,000
Estimated Monthly Payment
$7,369
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,369/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $375/mo
Estimates only. Consult a financial advisor.
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