Message Number407313
statusActive
Subject LineSOLD! KWC Waterloo - $1,600,000 Rental Licensed Triplex with $98,400+ Annualized Gross Income!
Business area
Canada
Ontario
Southwestern Ontario
Waterloo
Location, City317 Spruce Street, Waterloo
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingJune 6 2022
Type DescriptionStudent Investment Real Estate
LocationWaterloo
Price$1,600,000.00
Building area2353
ZoningNMU-12
Gross Income98460
Expenses32678
Net Income10722
Cap Rate3.92
CommentsOver $98,400+ Annualized Gross Income Available Here! Cash Flow Machine!

This meticulously maintained, owner-managed, triplex features a 2097 square foot purpose-built addition with generously sized bedrooms and common space. Located about a five minute walk to WLU and a fifteen minute walk to UW, this is a turn key, rental licensed, city approved opportunity. Three 5 bedroom units. This building comes to you fully rented.

A lot of arrows up here: note three electricity meters, three gas meters, moisture sensing fans in all bathrooms, life safety systems annually inspected, and in suite laundry. This building comes complete with good, clean tenants. Some furnishings are seller provided. Located in investor-desirable Northdale, this opportunity should provide better than average yield - today - and in years to come! With both universities fully open for January, this makes for a tremendous re-opening investment!

Let me make your financial analysis of this opportunity easy! Investor work sheet available to show how this positive cash flow property can work for you! Let me e-mail it to you.
Internet Links

Investor Work Sheet




More Investment Properties Here

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
Home PageHome Page

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