366 Holly Street, Waterloo ON

About 366 Holly Street

366 Holly Street offers a rare opportunity in one of Waterloo’s most sought-after student areas. This solid bungalow with a two-car garage features three bedrooms on the main level and six additional bedrooms on the lower level, providing strong rental potential from day one. The long-term value lies in the land and the flexibility of its RMU zoning, which permits multi-unit residential development, including mid-rise buildings. The property is also located within the proposed Sugarbush South Initiative, part of the City of Waterloo’s Housing Accelerator Fund program supporting the development of the “missing middle.� This designation is intended to streamline and speed up approvals for multi-unit housing, making 366 Holly Street an appealing option for investors and developers. An additional advantage: the adjacent property at 25 High Street is also being offered for sale. Together, these parcels create an expanded opportunity for larger-scale redevelopment, and coordinated closings may be possible for buyers looking to assemble both lots. With its prime location, strong rental demand, and favourable planning framework, this is a strategic opportunity to renovate, hold, or redevelop in a high-demand pocket near universities, transit, and daily conveniences. (id:56071). Get more information on 366 Holly Street

Property Features

Appliances:  Refrigerator, Stove
Features:  Laundry- Coin operated
Rental Equipment:  Water Heater
Directions:  Corner of Holly and High
Zoning Description:  RMU
Interior Size:  1328 sqft
Lot:  0.22 ac|under 1/2 acre 0.22
Exterior Finish:  Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / None
Age: 
Basement:  Full (Finished) Finished

Rooms & Sizes

3pc Bathroom Basement Measurements not available	Laundry room Basement 13 1 x 17 4	Storage Basement 12 8 x 10 2
Bedroom Basement 12 10 x 9 10	Bedroom Basement 13 10 x 11 1	Bedroom Basement 12 5 x 11 1
Bedroom Basement 12 2 x 9 7	Bedroom Basement 10 8 x 9 7	Bedroom Basement 9 10 x 11 10
Recreation room Basement 13 0 x 16 6	Kitchen Basement 13 0 x 6 5	Bedroom Main level 14 7 x 9 2
Bedroom Main level 12 2 x 11 1	Primary Bedroom Main level 14 7 x 13 5	Living room Main level 18 2 x 12 1
Den Main level 10 0 x 9 6	Kitchen/Dining room Main level 12 1 x 15 4