Message Number

399575

status

Active

Subject Line

KWC- Waterloo - Condo - $479,900 - $35,700+ Potential Gross Income Available - Sports a Unique Cool-Factor

Business area

Canada

Ontario

Southwestern Ontario

Waterloo

Location, City

Waterloo

Have/Want

Have

Business category

Apartment buildings/multi unit/condo townhouse projects/investments

Date of Listing

July 8 2021

Type Description

Investment Real Estate

Location

12-1 Bridgeport Road, East

Price

$479,900.00

Zoning

C8-25

Gross Income

35700

Expenses

11,309.00

Net Income

29541

Cap Rate

6.15

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.

Internet Links

Main Picture

Investor Work Sheet

Virtual Tour

Waterloo Economic Development

Property Management

More Properties Here

Member Identifier

201

Control

MLS

Name