Message Number373675
statusActive
Subject LineKWC - Waterloo - 10 Student Duplex with Land Play Opportunity -$1,199,000 - Four homes from WLU Main Entrance, WLU Business Building Backs on to It!
Business area
Canada
Ontario
Southwestern Ontario
Location, City251 Hazel Street, Waterloo
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingFebruary 8 2019
Type DescriptionStudent Investment Real Estate
Location251 Hazel Street, Waterloo
Price$1,199,000.00
ZoningNMU-12
Gross Income68100
Expenses29649
Net Income38415
CommentsWow! Rare duplex steps from WLU main entrance - and WLU Business Building in the backyard! Ten students. Location most investors only dream about and only select few have privilege of owning. All tenants on multi-year lease. One unit staying for additional year. Other unit is rented to end of August and then re-rented for September, 2019. Nothing to do here but collect good rents until at least end of August, 2020! Land play opportunity with high density NMU-12 zoning when combined with adjacent property, 249 Hazel Street. Warehouse property today and enjoy income while getting your re-development plans in place! Limited timeline if this property is going to be purchased with 249 Hazel Street.
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Client DetailsActive Investor
Client WantsCash
Explain Client's MotivationOpportunity for Land Play with Adjacent Property
Broker's RecommendationMove Fast if You Plan on Land Assembly
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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