| Message Number | 392611 | ||||||||
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| status | Active | ||||||||
| Subject Line | KWC - Waterloo � Student Condo � Legal 6 Bedrooms - $425,000 � Nearly $41,000 Gross! 5 cap! Positive cash flow with 20% Down. Ideal for Entry Level Investor | ||||||||
| Business area |
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| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | September 27 2020 | ||||||||
| Type Description | Student Investment Real Estate | ||||||||
| Price | $425,000.00 | ||||||||
| Cap Rate | 5% | ||||||||
| Comments | Nearly $41,000 Potential Gross Income Available Here! Positive cash flow opportunity with just 20% down - boasting a projected 5 percent cap rate. This is the only 6 bedroom suite in the development! Suite was developed in 2002 utilizing industrial era (1900's) post and beam building shell. Uber cool with true loft feel. Bare naked brick, exposed post and beam, high ceilings. Character abounds! Many recent interior improvements. Bike room, games room and laundry cater to the occupants. Rental licensed, Class Z6 license - City approved. 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 $730 per month which include exterior maintenance, water, garbage removal and a parking spot. Airbnb is permitted in this development. Written lease in place to end of April, 2021. When you click on the investor work sheet link below, you will get a message asking you to "Open This in a New Window" Click on "Open This in a New Window". | ||||||||
| Internet Links |
More Investment Properties Here | ||||||||
| Member Identifier | 201 | ||||||||
| Explain Client's Motivation | Daughter has Graduated from WLU | ||||||||
| Broker's Recommendation | Value Value Value | ||||||||
| Time Factors, Drop Dead Dates | Move Quick. Priced to Sell | ||||||||
| Control | MLS | ||||||||
| Name | Mike Milovick | ||||||||
| Title | Broker | ||||||||
| Company Name | Royal LePage Grand Valley Realty Brokerage | ||||||||
| Address Line One | Unit 15C, 370 Highland Road West | ||||||||
| City | Kitchener | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | N2M 5J9 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (519)745-7000 | ||||||||
| Cell Number | 519745-7000 | ||||||||
| Home Number | 519745-7000 | ||||||||
| FAX Number | (519) 745-8460 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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