Matthew Tenk
Broker of Record
45 High Street Waterloo, Ontario N2L 3X7
$899,999
Fantastic Investment Opportunity Prime Location Near Wilfred Laurier University! This turnkey property is fully rented to a mix of students and working professionals, generating a strong and consistent rental income of $550 per room across 8 spacious bedrooms, totalling $52,800 annually. Located just 900 meters (a 10-minute walk) from Laurier University, and a short 15-minute bus ride to the University of Waterloo, this property offers exceptional rental demand in one of Ontario's top university towns. Significant recent updates include a fully renovated main floor bathroom (new shower, modern tile flooring, and toilet in 2023), as well as a beautifully refreshed basement bathroom with new modern tile flooring. The property also boasts brand-new plumbing throughout (2023) and a new AC/Heating system (2022) for year-round comfort. The detached garage, with a new roof (2022), offers additional storage or potential for extra income. Both units feature in-suite laundry, and the property is fully licensed with Class D2 (five bedrooms) and Class A3 (three bedrooms) rental licenses in place. This is an excellent, cash-flow-positive opportunity for investors looking to capitalize on the high demand for student and professional housing in this vibrant, high-traffic area. With the property fully rented and strong cash flow already in place, this is a rare chance to own a well-maintained, income-generating asset in a prime location. Investor worksheet available upon request. **** EXTRAS **** All existing light fixtures, all existing window coverings, all existing kitchen appliances (2 fridges, 2 stoves, Hood fans) All existing clothes washer and dryer. (id:39551)
Property Details
| MLS® Number | X10427607 |
| Property Type | Single Family |
| Amenities Near By | Schools, Place Of Worship, Park, Public Transit |
| Community Features | School Bus |
| Features | Carpet Free |
| Parking Space Total | 5 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 8 |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Schools, Place Of Worship, Park, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 130 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 130 Ft |
| Size Total Text | 50 X 130 Ft|under 1/2 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bedroom 3 | 3.1 m | 3.38 m | 3.1 m x 3.38 m |
| Basement | Kitchen | 3.43 m | 2.77 m | 3.43 m x 2.77 m |
| Basement | Recreational, Games Room | 3.73 m | 4.06 m | 3.73 m x 4.06 m |
| Basement | Bedroom | 3.51 m | 3.12 m | 3.51 m x 3.12 m |
| Basement | Bedroom 2 | 3.05 m | 3.38 m | 3.05 m x 3.38 m |
| Main Level | Kitchen | 6.6 m | 4.78 m | 6.6 m x 4.78 m |
| Main Level | Bedroom | 2.74 m | 2.99 m | 2.74 m x 2.99 m |
| Main Level | Bedroom 2 | 3.48 m | 3.02 m | 3.48 m x 3.02 m |
| Main Level | Bedroom 3 | 2.95 m | 2.54 m | 2.95 m x 2.54 m |
| Main Level | Bedroom 4 | 3.48 m | 3.43 m | 3.48 m x 3.43 m |
| Main Level | Bedroom 5 | 3.43 m | 2.76 m | 3.43 m x 2.76 m |
https://www.realtor.ca/real-estate/27658326/45-high-street-waterloo
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Toronto Real Estate Board
Fortune Homes Realty Inc.
November 16 2024 06:21:34
