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$ 1,150,000
Est. payment | /mo
2 Beds
1 Bath
$ 1,150,000
Est. payment | /mo
2 Beds
1 Bath
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
MLS Listing ID X14152482
Style 2-Storey
Bedrooms 2
Annual Tax Amount $6,850
Tax Year 2025
Property Sub-Type Other
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)
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Kitchen 1
Separate Den/Office 2
Interior
Interior Features Other
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 80.0
Lot Depth 132.0
Total Parking Spaces 5
Building
Foundation Unknown
Others
ParcelsYN No
Listed by RE/MAX REAL ESTATE CENTRE INC.
Nearby Locations
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