Size
-
Lot size
945.38 sqm
Street frontage
N
Possession
TBA
Price per sqm
-
Taxes
$12,165 (2024)
Parking Type
Other
Style
Other
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Description
A great investment opportunity for a student apartment building in the core strip of Waterloo. It is close to three universities: 2.2 km to the UW, 1.2 km to WLU, and 0.4 km to Conestoga College, with direct bus Route 202 to all schools. The lot measures 64.05 x 158.65 feet, zoned MU20, with potential for higher-level building in the near future.This fourplex student building includes 20(4X5) bedrooms, 8 (4X2) bathrooms, and 4 (4X1) kitchens. There is a separate laundry room with coin-operated machines. The property offers 7 parking spots, an AC and central heating system. All kitchens are newly renovated; the roof was replaced in 2017, and all equipment is in great working condition.Built in 2002 specifically for students, no renting license is required. It has been operated and maintained by the owner who has since moved to BC.The total gross income for the past three years has been over $200K annually (excluding parking and laundry income). For serious buyers, the lease list can be provided. The annual fixed costs are about $40,000 excluding mortgage interest. Its fully leased now with on-call maintenance staff and 24hrs emergency contact. Don't miss your chance to explore this investment property !
EXTRAS:
EXTRAS:
Broker: HOMELIFE LANDMARK REALTY INC.
MLS®#: X9398686
Property details
Parking:
7
Parking type:
Other
Property type:
Fourplex
Heating type:
Forced Air
Style:
Other
MLS Size:
+465 sqm
Lot front:
19.51 M
Lot depth:
48.46 M
Listed on:
Oct 17, 2024
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Instant estimate:
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$9,012
lower than listed pricei
High
$2,635,191
Mid
$2,490,888
Low
$2,441,070
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