ATTENTION INVESTORS! RMU ZONING, DUPLEX POTENTIAL WITH SEPARATE ENTRANCE, AND ASSEMBLY POTENTIAL WITH 25 HIGH STREET. 366 Holly Street is a solid bungalow offering immediate rental income potential with three bedrooms on the main floor and six additional bedrooms on the lower level, and ideal for duplex configuration. The true long-term value is in the land and flexible RMU zoning, which permits a wide range of multi-unit residential uses, including mid-rise redevelopment. The property also sits within the proposed Sugarbush South Initiative under the City of Waterloo’s Housing Accelerator Fund, a planning framework intended to streamline and accelerate approvals for higher-density and “missing middle” housing. An added advantage is the ability to purchase 366 Holly together with the neighbouring legal fourplex at 25 High Street, creating an expanded development footprint and the option for coordinated closings. With strong rental demand, redevelopment flexibility, and a prime location near universities, transit, and daily conveniences, this offering is a strategic opportunity to renovate, hold, or pursue a larger, multi-parcel project. (id:4069)
Address
366 HOLLY Street
List Price
$699,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
9
Bathrooms
3
Floor Area
2,940 Sq. Ft.
Lot Size
0.22 Sq. Ft.
MLS® Number
40788776
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Basement Area
Full (Finished)
Postal Code
N2L4G3
Zoning
RMU
Site Influences
Park, Public Transit, Schools, Shopping
Features
Laundry- Coin operated
