Message Number407514
statusActive
Subject LineKWC Waterloo - $1,999,000 - Rental Licensed Exempt Apartment Building with $153,000+ Gross Income Available Here!
Business area
Canada
Ontario
Southwestern Ontario
Waterloo
Location, City60 Marshall Street, Waterloo
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingJune 13 2022
Type DescriptionApartment Building
LocationWaterloo
Price$1,999,000.00
ZoningRMU-20
Gross Income153300
Expenses46229
Net Income104755
Comments$153,000+ Gross Income Available Here! This apartment building features spacious units with oversized bedrooms, massive common areas. Two bathrooms per unit. Very clean. Individual meters for water, electricity and gas. Front Roof done in 2015. Back roof done in 2020. Driveway repaved in 2020. Unit B and Unit C freshly painted. In floor heating in the lower levels of Units A and D. Great central location with close proximity to Uptown and walking distance to both Universities. RMU-20 zoning may allow for further, future re-development. Original building expanded and significantly renovated in 2004. Rental-licensed exempt building! Fully occupied with written leases in place to at least end of April, 2023. Rare, positive cash flow with 35 percent down. Investor work sheet with full financials applied to contemporary financing available! Further optimize the building?s bottom line by: offloading utility costs to new tenants on re-rental and charging for parking. Solid investment opportunity in one of the Perennially Best Towns in Ontario to Invest In!
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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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