Message Number

393874

status

Active

Subject Line

KWC - Waterloo � Duplexed Mini-Mansion Generating $72,000 Gross Annual Income! 4.76% Cap Rate. Positive Cash Flow with just 20% Down! Steps from Waterloo Park!

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

November 12 2020

Type Description

Student Investment Real Estate

Location

Waterloo

Price

$879,900.00

Gross Income

$72,000

Expenses

$29,371

Net Income

$42,629

Cap Rate

4.76%

Comments

$72,000 Annualized Gross Income with Opportunity for More! Perennially rented! Rental licensed, City-approved opportunity in desirable MacGregor Albert Heritage Conservation District! 3600+ SF. Building format has two 5 bedroom units. Spacious units with over sized bedrooms/common areas in a classical, mini-mansion setting that tenants desire! Note separate electrical meters. Punch code, keyless entry to units. Detached garage. Large common areas. Multiple bathrooms per unit. Rental rates can be increased significantly on re-rental while operating costs can be off-loaded to tenants for even bigger net income. Almost across the street from Waterloo Park with an easy walk to Uptown, LRT and both universities. Ideal opportunity for: buyer looking to owner occupy while seeking mortgage helper income or for value investor seeking to add residential income to a diversified investment portfolio. Investor work sheet available to show how this cash flow positive opportunity (with just 20% down) can work for you! 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

Virtual Tour Here

Investor Work Sheet Here

More Investment Properties Here

Property Management Here

Member Identifier

201

Control

MLS

Name

Mike Milovick

Title