| Message Number | 404282 | ||||||||
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| status | Active | ||||||||
| Subject Line | SOLD! KWC - Waterloo - $599,900 Rental Licensed Student Property with $33,000+ Gross Annual Income! 2 Blocks to WLU and 15,000+ Students. | ||||||||
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| Location, City | 147B Weber Street, Waterloo | ||||||||
| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | January 27 2022 | ||||||||
| Type Description | Student Investment Real Estate | ||||||||
| Location | Waterloo | ||||||||
| Price | $599,900.00 | ||||||||
| Building area | 1008 | ||||||||
| Zoning | RMU-20 | ||||||||
| Gross Income | 33000 | ||||||||
| Expenses | 8775 | ||||||||
| Net Income | 23683 | ||||||||
| Cap Rate | 3.88 | ||||||||
| Comments | $33,000+ Gross Income Available Here! Opportunity abounds! Clean and turn key, this modernized, Rental Licensed, City-Approved home beckons for your immediate attention!
Note: updated kitchen with white cabinetry and tiled glass back splash, newer appliances, new front porch railing with composite decking, updated vinyl plank flooring, fresh paint, landscaping. Some recent bathroom updates. Large backyard with extensive deck. Newer vinyl windows. Updated life safety systems. Driveway can accommodate three cars. Located in close proximity to Sobey's Plaza, Uptown Waterloo and Wilfrid Laurier. Steps away from Laurel Trail network. With solid, positive cash flow and leases in place to end of August, 2022, this opportunity could work very well for investor looking for a foothold in the lucrative Waterloo income property market or parent buyer with kid going to university. Nice price point. No condo fees on this freehold home. Let me send you an Investor Work Sheet to show you how this property can work for you! |
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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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