50 Northland Road

Original Remarks

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. **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**