Message Number399575
statusActive
Subject LineKWC- Waterloo - Condo - $479,900 - $35,700+ Potential Gross Income Available - Sports a Unique Cool-Factor
Business area
Canada
Ontario
Southwestern Ontario
Waterloo
Location, CityWaterloo
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingJuly 8 2021
Type DescriptionInvestment Real Estate
Location12-1 Bridgeport Road, East
Price$479,900.00
ZoningC8-25
Gross Income35700
Expenses11,309.00
Net Income29541
Cap Rate6.15
Comments$35,700+ Potential Gross Income Available Here! Welcome to the Bridgeport Lofts! This site was developed in 2002 utilizing industrial era (1900's) building shell. Beam and Brick construction - uber cool factor with true loft feel. This unit features: bare naked brick, exposed post and beam and high ceilings. Character abounds! This suite is a desirable end/corner unit with both east and south exposure. Lower level has oversized windows contributing to a Day Light basement feel. Updated vinyl plank throughout main and lower level. Newer Westinghouse stove (2017), two newer bathrooms (2015), hot water heater (2017) Bike room, games room and laundry cater to the residents. Rental licensed, Class Z5 Premium license - City approved operation. Walk Score of 97 - Walkers' Paradise! Close to all amenities tenants desire including two LRT stops, Uptown and its shopping/night life scene, library, Waterloo Park as well as walking distance to both universities. Condo fees of $627 per month include exterior maintenance, water, garbage removal and one parking spot. Ability to go to market rents upon possession! Compelling opportunity for investor seeking income property in a unique building or even parent investor with kid going to one of the universities.
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Member Identifier201
ControlMLS
NameMike Milovick
TitleBroker
Company NameRoyal LePage Grand Valley Realty Brokerage
Address Line OneUnit 15C, 370 Highland Road West
CityKitchener
State/ProvinceOntario
Zip/Postal CodeN2M 5J9
CountryCanada
Business Phone Number(519)745-7000
Cell Number519745-7000
Home Number519745-7000
FAX Number(519) 745-8460
Email AddressSend Email
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