Message Number393873
statusActive
Subject LineSOLD! KWC - Waterloo � Student Condo � Legal 6 Bedroom - $425,000 � Nearly $41,000 Gross! Positive cash flow with 20% Down. Ideal for Entry Level Investor
Business area
Canada
Ontario
Southwestern Ontario
Waterloo
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingNovember 12 2020
Type DescriptionStudent Investment Real Estate
Price$425,000.00
Cap Rate5%
CommentsNearly $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

Virtual Tour Here



Investor Work Sheet Here



More Investment Properties Here



Property Management Here


Member Identifier201
Explain Client's MotivationDaughter has Graduated from WLU
Broker's RecommendationValue Value Value
Time Factors, Drop Dead DatesMove Quick. Priced to Sell
ControlMLS
NameMike Milovick
TitleBroker
Company NameRoyal LePage Grand Valley Realty Brokerage
Address Line OneUnit 15C, 370 Highland Road West
CityKitchener
State/ProvinceOntario
Zip/Postal CodeN2M 5J9
CountryCanada
Business Phone Number(519)745-7000
Cell Number519745-7000
Home Number519745-7000
FAX Number(519) 745-8460
Email AddressSend Email
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