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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 35,500,000

Est. payment -/mo

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Active

50 Northland RD Waterloo, ON N2V 1N3

219,770 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 219,770 sqft

Price per Sqft $161

MLS Listing ID 40832425

Abv Grd Liv Area 219,770

Annual Tax Amount $515,304

Lot Size 11.480 Acres

Acres 11.48

Property Sub-Type Building and Land

Source Cornerstone

Property Description

50 Northland Road, Waterloo is a 219,770 SF building situated on 11.48 Acres in North Waterloo. The property benefits from the most flexible and desirable industrial zoning in Waterloo, E3-27. The E3-27 zoning is the only zoning in Waterloo to allow for outdoor storage. The implementation of the City of Waterloo's new Official Plan saw traditional industrial uses including warehousing, stripped from most of the industrial by-laws. This has resulted in E3-27 zoned industrial properties in Waterloo becoming extremely rare and desirable. 50 Northland is the largest Multi-tenant, E3-27 zoned property in Waterloo offering larger scale unit sizes from 30,000 - 130,805 SF as well as a heavy power supply of 2,700 Amps and a clear height of 17'11". The building has been maintained and improved since the owners' acquisition in 2015, including a full roof replacement and the installation of new fire corridors to meet current requirements. All units are in a modern and updated condition with a strong history of leasing success. The building's location benefits from close proximity to amenities and transit such as; the Conestoga & Northfield LRT stations, Conestoga Mall and abundant retail. The WALT of the building is 2.78 years, allowing an opportunity to capitalize on market vs current rent in the building.

Location

Province ON

County Waterloo

Area 1 - Waterloo East

Zoning E3-27

Direction King Street & Northland Road

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Lot Frontage 694.26

Lot Depth 679.67

Garage No

Building

Lot Description Ample Parking, High Traffic Area, Highway Access

Faces King Street & Northland Road

Story 1

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 1

New Construction No

Others

Senior Community false

Tax ID 222820043

Ownership Freehold/None

Listed by WHITNEY & COMPANY REALTY LIMITED

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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