Edin Taravati
Sales Representative
Homelife Landmark Realty Inc, Brokerage
Independently owned and operated.
7240 Woodbine, Markham, Ontario L3R 1A4
Cell: 647-233-7778Office: 905-305-1600
$2,499,900
Available - For Sale
Listing ID: X9398686
151 University Ave East , Waterloo, N2J 2W4, Ontario
| 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: | $12165.00 |
| Assessment: | $956000 |
| Assessment Year: | 2023 |
| DOM | 1 |
| Occupancy by: | Tenant |
| Address: | 151 University Ave East , Waterloo, N2J 2W4, Ontario |
| Lot Size: | 64.00 x 159.00 (Feet) |
| Directions/Cross Streets: | University Ave East / Weber St |
| Rooms: | 20 |
| Bedrooms: | 0 |
| Bedrooms +: | |
| Kitchens: | 4 |
| Family Room: | Y |
| Basement: | Apartment |
| Approximatly Age: | 16-30 |
| 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-Sewers: | A |
| Utilities-Gas: | Y |
| Utilities-Municipal Water: | Y |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HOMELIFE LANDMARK REALTY INC. |
|
|
Edin Taravati
Sales Representative
Dir:
647-233-7778
Bus:
905-305-1600
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Style: | Other |
| Lot Size: | 64.00 x 159.00(Feet) |
| Approximate Age: | 16-30 |
| Tax: | $12,165 |
| Baths: | 8 |
| Fireplace: | N |
| Pool: | None |
Locatin Map:
Payment Calculator:
