Message Number401631
statusActive
Subject LineKWC - Waterloo - Legal Duplex - $749,000 - $43,200 Gross Annual Income! Positive cash flow with 35% Down - Close to Both Universities and 50,000 Students
Business area
Canada
Ontario
Southwestern Ontario
Waterloo
Location, City423 Tamarack Drive, Waterloo
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingOctober 4 2021
Type DescriptionStudent Investment Real Estate
LocationWaterloo
Price$749,000.00
Building area1073
ZoningR1
Gross Income43200
Expenses12876
Net Income29460
Cap Rate3.86
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 Identifier201
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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