Size
558 sqft
Lot size
-
Street frontage
-
Possession
-
Price per sqft
$1,290
Taxes
$6,003 (2024)
Parking Type
-
Style
Other
See what's nearby
Description
Commercial Condo in great location close to the University of Waterloo. This unit is currently tenanted with a lease (5 years) in place until November 2028, and rent escalates annually from $4,350.50/month now to $5,791.25/month in the final year. Net annual income averages ~$41,930 over the next four years, resulting in a strong ~5.82% cap rate. There is a 5 year renewal option in the lease. Given the location, secure cash flow, and minimal upkeep, this property would appeal greatly to passive investors.
Why Invest on it?
Long-term, escalating lease in place
Low operational burden
Strong rental growth outlook
Located in high-demand core
Perfect for hands-off investors seeking passive income and asset appreciation
Broker: Royal LePage Wolle Realty
MLS®#: 40734577
Property details
Parking:
-
Parking type:
-
Property type:
Other
Heating type:
-
Style:
Other
MLS Size:
558 sqft
Listed on:
May 29, 2025
Show all details
Instant estimate:
Not Available
Insufficient data to provide an accurate estimate
i
High-
Mid-
Low-
Have a home? See what it's worth with an instant estimate
Use our AI-assisted tool to get an instant estimate of your home's value, up-to-date neighbourhood sales data, and tips on how to sell for more.