311 Spruce Street

311 Spruce Street
311 Spruce Street
311 Spruce Street
14 bed
5 bath
4  parking
6969 sqft *
* This unit size is calculated from property.ca data
For Sale
6 days on market
* This unit size is calculated from property.ca data
Price History
Key Facts
6969 sqft
Lot size
646.51 sqm
Street frontage
Price per sqm
$10,570.87 (2022)
Parking Type
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Nearly $112,000 Projected Gross Annual Income Available Here! This triplexed building is located just a two minute walk to to Wilfrid Laurier University, a quick walk to the vibrant amenities of Uptown and an easy walk to University of Waterloo. This building comes to you with three City-approved, rental licenses issued by City of Waterloo. Located on a street with properties that are predominantly owned by large multi-residential rental service providers, this is a rare opportunity for the private sector investor! Unit A has seen thousands of dollars in recent renos before going to market with some newer flooring and paint. Unit B still has opportunity to further increase annual rental income to market rents and increase revenue substantially on tenant departure (by about $10,000+ per annum). Unit C shows particularly well with large common area and eat in kitchen. All units have generously sized common areas, in suite laundry and spacious bedrooms with individual temperature control. Thoughtfully designed with a compelling unit mix of 3, 5, and 6 bedroom units. Ample parking. Note individual electrical meters! Opportunity on Units B and C to move electrical costs to tenant on re-rental. Roof done in 2022! This money maker will work well for: savvy investor looking for a foothold in lucrative Waterloo rental market, parent investor that seeks the ultimate location for their university bound child or even a university employee that wants to live close to work and generate mortgage helper income through the other units. Zoning may also provide future development opportunity when combined with adjacent properties. Rare opportunity that provides positive cash flow with 35% down - with more upswing still available. Investor work sheet available to show how this property can work for you! Let's book a viewing of 311 Spruce Street with me - or your favourite REALTOR - today!
MLS®#: 40490976
Property details
Parking type:
Property type:
Heating type:
MLS Size:
271 sqm
Lot front:
16.76 M
Lot depth:
38.1 M
Listed on:
Sep 26, 2023
Show all details

About 311 Spruce Street

Located at 311 Spruce Street, this Waterloo triplex is available for sale. It has been listed at $1580000 since September 2023. This triplex has 14 beds, 5 bathrooms and is 6969 Squa.

Groceries can be found at Sobeys which is a 5-minute drive and you'll find CureX Medical Center only a 5 minute walk as well. 311 Spruce St, Waterloo is only a 13 minute walk from great parks like Waterloo Park.

Getting around the area will require a vehicle, as there are no nearby transit stops.

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Ethan Sager
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40490976