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. 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, café, 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. Floor Plan of all 3 Units A, B & C Attached.More details
5 Kraftwood Place in Waterloo: 554 - Breslau/Bloomingdale/Maryhill Single Family Residence for sale (5 - Woolwich and Wellesley Township) : MLS®# 40693938
5 Kraftwood Place 554 - Breslau/Bloomingdale/MaryhillWaterlooN2J 4G8
Welcome to 5 Kraftwood Place, a stunning custom-built bungalow offering 5,450 sq ft of living space, with 5 bedrooms and 4 bathrooms. Set on a serene 0.9-acre wooded lot, the home’s impressive stone exterior is inspired by Old Quebec’s timeless architecture. Located just minutes from the vibrant heart of Waterloo, it sits in a private cul-de-sac with only four estate homes, blending peaceful seclusion with convenient access to all amenities.
Designed with both quality and functionality in mind, the layout of this home is exceptional. The open-concept custom kitchen, crafted by Chervin, is a chef’s dream, flowing seamlessly into the traditional formal living and dining areas—ideal for both entertaining and everyday living. Unique details and custom woodwork are featured throughout, adding character and warmth to every room.
The fully finished lower level is filled with natural light from large windows and walkout access, offering great potential for multigenerational living. It features a second primary suite with a walk-in closet and luxurious ensuite, plus private access through the garage. The space also includes a spacious living area with a cozy gas fireplace, two generously sized bedrooms, a 3-pc bathroom, laundry/hobby room, mechanical room, and ample storage.
Constructed using an open truss system, this home has no interior load-bearing walls, offering exceptional adaptability for future modifications. Whether you want to create a more open layout or completely reimagine the design, the home can easily accommodate your evolving needs.
This home is truly a rare find, offering quality construction, ample space, privacy, and unlimited potential for your unique lifestyle needs. Equipped with a private well, this home ensures a reliable water source and low utility costs. With low property taxes, it offers significant annual savings, further enhancing its value.
Schedule a private showing today to fully appreciate all that this remarkable home has to offer!More details