| Message Number | 406082 | ||||||||
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| status | Sold | ||||||||
| Subject Line | SOLD! KWC - Waterloo - Legal Duplex - $749,000 - $43,200 Gross Annual Income! Positive cash flow with 35% Down - Close to Both Universities and 50,000 Students | ||||||||
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| Location, City | 423 Tamarack Drive, Waterloo | ||||||||
| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | April 14 2022 | ||||||||
| Type Description | Student Investment Real Estate | ||||||||
| Location | Waterloo | ||||||||
| Price | $749,000.00 | ||||||||
| Building area | 1073 | ||||||||
| Zoning | R1 | ||||||||
| Gross Income | 43200 | ||||||||
| Expenses | 12876 | ||||||||
| Net Income | 29460 | ||||||||
| Cap Rate | 3.86 | ||||||||
| Comments | $43,200 Gross Annual Income Available here with tenants on multi-year lease. This building is City-approved operation that generates positive cash flow with 35% down. Legal money maker!
This rental licensed property with a registered accessory apartment has a desirable four and three bedroom lay out. Main floor unit has a large eat in kitchen and spacious living. Building is carpet free - with thin plank hardwood throughout main, laminate through lower level and ceramics in kitchen and bathrooms. Good, clean tenants. Note extensive side deck with a large backyard that all tenants enjoy! Note walk up from basement. Location within walking distances to both universities, St. David's Highschool, shopping (including Beer Store) and groceries (new Farm Boy) and public transit (including bus route that goes directly to main entrance of WLU). This opportunity is ideal for: extended, multi-generational family, parent investor with kid going to school, or shrewd investor seeking positive cash flow in one of Ontario's perennial Top Ten Towns or even parent investor. Tough to beat! Let's set up a showing Today! |
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| Member Identifier | 201 | ||||||||
| 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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