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Executive Summary
Located along the Commercial Street corridor near downtown Waterloo, 1406 Commercial Street sits within a versatile mixed-use commercial and light industrial district running parallel to the Cedar River. The building offers 3,288 square feet of functional space making it a well-proportioned site for mid-sized operations. On-site vehicular access includes approximately 12 to 18 dedicated paved parking stalls, complemented by ample public street parking directly along Commercial Street.
Zoned as C-2 or C-3 Commercial District, the property benefits from flexible local zoning that supports a wide range of uses, including retail, office, light service, and assembly functions. The surrounding neighborhood reflects a diverse commercial mix: immediate neighbors include auto repair shops and trade contractors, fraternal and civic organization halls, light industrial distribution facilities along nearby rail corridors, and pockets of single-family and multi-family residential housing just a few blocks away.
Given its layout, location, and zoning, the highest and best uses for this property center on trade contractor headquarters—such as electrical, plumbing, or HVAC businesses needing combined office and workshop space—as well as community assembly venues, fitness studios, or specialty showrooms requiring direct customer parking and accessible surface-street connectivity.
Zoned as C-2 or C-3 Commercial District, the property benefits from flexible local zoning that supports a wide range of uses, including retail, office, light service, and assembly functions. The surrounding neighborhood reflects a diverse commercial mix: immediate neighbors include auto repair shops and trade contractors, fraternal and civic organization halls, light industrial distribution facilities along nearby rail corridors, and pockets of single-family and multi-family residential housing just a few blocks away.
Given its layout, location, and zoning, the highest and best uses for this property center on trade contractor headquarters—such as electrical, plumbing, or HVAC businesses needing combined office and workshop space—as well as community assembly venues, fitness studios, or specialty showrooms requiring direct customer parking and accessible surface-street connectivity.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
3,288 SF
Building Class
C
Year Built
1979
Price
$243,248 CAD
Price Per SF
$73.98 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.39 AC
Frontage
120’ on COMMERCIAL ST
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8913-25-334-001 | Improvements Assessment | $184,618 CAD |
| Land Assessment | $46,704 CAD | Total Assessment | $231,322 CAD |
Property Taxes
Parcel Number
8913-25-334-001
Land Assessment
$46,704 CAD
Improvements Assessment
$184,618 CAD
Total Assessment
$231,322 CAD
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1406 Commercial St
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