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$2,499,900
Available - For Sale
Listing ID: X9398686
A great investment opportunity for a student apartment building in the core strip of Waterloo. It is close to three universities: 2.2 km to the UW, 1.2 km to WLU, and 0.4 km to Conestoga College, with direct bus Route 202 to all schools. The lot measures 64.05 x 158.65 feet, zoned MU20, with potential for higher-level building in the near future.This fourplex student building includes 20(4X5) bedrooms, 8 (4X2) bathrooms, and 4 (4X1) kitchens. There is a separate laundry room with coin-operated machines. The property offers 7 parking spots, an AC and central heating system. All kitchens are newly renovated; the roof was replaced in 2017, and all equipment is in great working condition.Built in 2002 specifically for students, no renting license is required. It has been operated and maintained by the owner who has since moved to BC.The total gross income for the past three years has been over $200K annually (excluding parking and laundry income). For serious buyers, the lease list can be provided. The annual fixed costs are about $40,000 excluding mortgage interest. Its fully leased now with on-call maintenance staff and 24hrs emergency contact. Don't miss your chance to explore this investment property !
Price $2,499,900
Taxes: $12,165
Assessment: $956000
Assessment Year: 2023
Address: 151 University Ave East , Waterloo, N2J 2W4, Ontario
Lot Size: 64 x 159 (Feet)
Directions/Cross Streets: University Ave East / Weber St
Rooms: 20
Bedrooms: 0
Washrooms: 8
Kitchens: 4
Family Room: Y
Basement: Apartment
No. of Pieces Level
Washroom 1:  4 Ground
Washroom 2:  4 2nd
Washroom 3:  4 3rd
Washroom 4:  4 Upper
Property Type: Fourplex
Style: Other
Exterior: Brick
Garage Type: Other
(Parking/)Drive: Available
Drive Parking Spaces: 7
Pool: None
Approximatly Age: 16-30
Approximatly Square Footage: 5000+
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Sewers: Sewers
Water: Municipal
Utilities-Hydro: A
Utilities-Gas: Y
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HOMELIFE LANDMARK REALTY INC.

151 University Ave East , Waterloo, N2J 2W4, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Fourplex
Area: Waterloo
Municipality: Waterloo
Neighbourhood:
Style: Other
Lot Size: 64.00 x 159.00(Feet)
Approximate Age: 16-30
Tax: $12,165
Maintenance Fee: $0
Beds: 0
Baths: 8
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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