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$ 699,900
Est. payment /mo
Active
366 Holly ST Waterloo, ON N2L 4G3
9 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
MLS Listing ID X12578516
Style Bungalow
Bedrooms 9
Annual Tax Amount $7,439
Tax Year 2025
Property Sub-Type Detached
Property Description
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.
Location
Province ON
County Waterloo
Area Waterloo
Zoning RMU 20
Rooms
Family Room No
Basement Finished, Full
Kitchen 2
Separate Den/Office 6
Interior
Interior Features In-Law Capability, Primary Bedroom - Main Floor
Cooling None
Exterior
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 74.0
Lot Depth 130.0
Total Parking Spaces 4
Building
Building Age 51-99
Foundation Concrete
Others
Senior Community Yes
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/366_holly_st_waterloo_on/
Listed by RE/MAX TWIN CITY REALTY INC.