| Message Number | 431693 | ||||||||
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| status | Active | ||||||||
| Subject Line | KWC - Waterloo - Legal Duplex - $899,000 - $64,000+ Gross Annual Income! Positive cash flow with 20% Down - Close to Both Universities and 50,000 Students | ||||||||
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| Location, City | 42 Central Street, Waterloo | ||||||||
| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | January 27 2025 | ||||||||
| Type Description | Student Real Estate | ||||||||
| Location | Waterloo | ||||||||
| Price | $899,900.00 | ||||||||
| Building area | 1226 | ||||||||
| Zoning | RC1 | ||||||||
| Gross Income | 62400 | ||||||||
| Cap Rate | 5.5 | ||||||||
| Comments | Welcome to 42 Central Street! $62,000 + Gross Annual Income Available Here! Positive Cash flow with just 20% down. This charming property offers over 2,200 finished square feet across two levels, featuring modern updates and a flexible layout. Recent updates include a new, stylish main unit kitchen, complete with a generous amount of contemporary white cabinetry, a completely renovated lower level three piece bathroom, four newly installed front windows as well as some newer flooring. The daylight basement boasts heat ducts in the floors, enhancing comfort throughout. Abundance of parking with long, double wide driveway. Note new washing machine and new fridge. Nestled in the prestigious Albert-MacGregor Conservation District, this home is a perfect example of "Ranch-style architecture in sleek modern white brick"a must-see for architectural enthusiasts. The current layout consists of two, separate, three bedroom units legally duplexed by building permit in 2001. Each unit has a recently approved rental license. With its unbeatable location just steps from Uptown Waterloo, mere seconds from Waterloo Park, and walking distance to Wilfrid Laurier University (WLU) and the University of Waterloo (UW), this home offers unparalleled convenience. You will also find an abundance of shops, restaurants, and bars nearby, making it ideal for those who enjoy urban city living. This property checks all the boxes for a variety of buyers: first-time homeowners looking for a mortgage helper, university or tech employees who want to live close to work, parents searching for a prime location for their university-bound children, or investors seeking a strong rental opportunity in one of Ontario's most desirable markets. Available for May closing! Don't miss out on this incredible opportunity to schedule a private showing today! | ||||||||
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| Member Identifier | 201 | ||||||||
| Explain Client's Motivation | Kid is graduating | ||||||||
| Broker's Recommendation | Great Value - Don't Hesitate to Pull Trigger | ||||||||
| Control | MLS | ||||||||
| Name | Mike Milovick | ||||||||
| Title | Broker | ||||||||
| Company Name | Royal LePage Wolle Realty | ||||||||
| Address Line One | 7A, 180 Northfield Drive West | ||||||||
| City | Waterloo | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | N2H 0C7 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (519)747-2040 | ||||||||
| Cell Number | 519-747-2040 | ||||||||
| Home Number | 519-747-2040 | ||||||||
| FAX Number | 519-747-2081 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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