Size
-
Lot size
646.61 sqm
Street frontage
W
Possession
Flexible
Price per sqm
$5,376 - $6,465
Taxes
$11,247 (2023)
Parking Type
-
Style
2-Storey
See what's nearby
Description
Nearly $112,000 Projected Gross Annual Income available here! Discover a prime real estate opportunity in the heart of Waterloo, just a two-minute stroll from WLU and a short walk to the lively amenities of Uptown, with convenient access to the UW. This strategically positioned, triplexed building presents a rare prospect for private-sector investors, boasting three City-approved rental licenses. Unit A has undergone recent renovations, featuring updated flooring and fresh paint. Unit B offers significant potential for increased annual rental income upon tenant departure and is currently undergoing renovations (paint and flooring). Unit C re-rented for September, 2024 at $2775 plus electricity ($7500+ annually more than current rents. This unit impress with spacious common areas. All units are designed with generously sized common areas, in-suite and spacious bedrooms equipped with individual temperature control. The unit mix includes 3, 5, and 6 bedroom configurations, providing versatility and catering to various tenant needs. Parking is ample, and each unit features individual electrical meters. Units B and C present an additional opportunity to shift electrical costs to tenants upon re-rental, contributing to increased profitability. The roof, recently replaced in 2022, ensures a low-maintenance investment. This is an ideal fit for a range of investors, whether you're a veteran investor seeking a foothold in the lucrative Waterloo rental market, a parent looking for the perfect location for your university-bound child, or a university employee desiring proximity to work with the added benefit of strong mortgage-helper income. The property's zoning may open doors to future development opportunities when combined with adjacent properties. Positive cash flow opportunity with 35% down and additional upswing potential. Investor worksheet is available to demonstrate how this property can work for you. Seize the chance to get your hands on this Money Maker!
EXTRAS:
EXTRAS:
Broker: ROYAL LEPAGE WOLLE REALTY
MLS®#: X8313742
Property details
Parking:
4
Parking type:
-
Property type:
Triplex
Heating type:
Baseboard
Style:
2-Storey
MLS Size:
232-279 sqm
Lot front:
17.07 M
Lot depth:
38.1 M
Listed on:
May 1, 2024
Show all details
Rooms
Level | Name | Size | Features |
---|---|---|---|
Flat | Bathroom | 0.5 x 0.6 m | 4 Pc Bath |
Flat | Kitchen | 1.3 x 0.6 m | |
Flat | Bathroom | 0.6 x 0.6 m | |
Flat | Bathroom | 1.1 x 0.7 m | 4 Pc Bath |
Flat | Kitchen | 1.1 x 1.5 m | |
Flat | Bathroom | 0.7 x 0.8 m | 3 Pc Bath |
Flat | Bathroom | 1.1 x 0.7 m | 4 Pc Bath |
Flat | Kitchen | 1.1 x 1.3 m |
Show less