Message Number373672
statusActive
Subject LineKWC - Waterloo- 8 Student Duplex- $599,900 - $50,000+ gross annual income. Two blocks to WLU and University of Waterloo! Main unit renovated!
Business area
Canada
Ontario
Southwestern Ontario
Location, CityWaterloo
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingFebruary 8 2019
Type DescriptionStudent Income Real Estate
LocationWaterloo
Price$599,900.00
Gross Income50160
Expenses20312
Net Income28844
Cap Rate4.73
Comments$50,000+ scheduled gross annual income available here! Strong money in place with parental guaranteed leases until at least end of August, 2019 (tenants on multi-year lease, early opt out date to end lease in August is December 15). Cash flow positive opportunity with just 20% down. Clean student operation with City approvals in place for a Class D2 rental license (five bedrooms) and Class A3 license (three bedrooms)! Good layout. Main floor shows contemporary - and simply spectacular. Dark laminate throughout. Contemporary white kitchen. Updated luxe four piece bath with tiled shower/glass door. Pot lighting. Lower level unit features generously proportioned bedrooms. Oak kitchen. Newer three piece bath here too. Single detached, garage opportunity for landlord storage or even additional income. Easy walk to both Wilfrid Laurier and University of Waterloo and 50,000+ full time students. Why not invest in one of the perennially top five towns in Ontario today?

Investor work sheet available.

Virtual tour: https://youriguide.com/45_high_st_waterloo_on

E-mail me, mike@teammilovick.com for private tour.
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Client DetailsActive Investor
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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