Nearly $112,000 Projected Gross Annual Income available here! Discover a prime real estate opportunity in the heart of Waterloo, just a two-minute stroll from WLU and a short walk to the lively amenities of Uptown, with convenient access to the UW. This strategically positioned, triplexed building presents a rare prospect for private-sector investors, boasting three City-approved rental licenses. Unit A has undergone recent renovations, featuring updated flooring and fresh paint. Unit B offers significant potential for increased annual rental income upon tenant departure and is currently undergoing renovations (paint and flooring). Unit C re-rented for September, 2024 at $2775 plus electricity ($7500+ annually more than current rents. This unit impress with spacious common areas. All units are designed with generously sized common areas, in-suite and spacious bedrooms equipped with individual temperature control. The unit mix includes 3, 5, and 6 bedroom configurations, providing versatility and catering to various tenant needs. Parking is ample, and each unit features individual electrical meters. Units B and C present an additional opportunity to shift electrical costs to tenants upon re-rental, contributing to increased profitability. The roof, recently replaced in 2022, ensures a low-maintenance investment. This is an ideal fit for a range of investors, whether you're a veteran investor seeking a foothold in the lucrative Waterloo rental market, a parent looking for the perfect location for your university-bound child, or a university employee desiring proximity to work with the added benefit of strong mortgage-helper income. The property's zoning may open doors to future development opportunities when combined with adjacent properties. Positive cash flow opportunity with 35% down and additional upswing potential. Investor worksheet is available to demonstrate how this property can work for you. Seize the chance to get your hands on this Money Maker!
PT LT 35 SUBDIVISION OF LT 13 GERMAN COMPANY TRACT CITY OF WATERLOO AS IN 1534255; WATERLOO
Parcel of Tied Land
N
Possession Date
Flexible
Taxes (2023)
$11,247
Assessment (2024)
$934,000
Directions/Cross Streets
Hickory Street West And Spruce Street
Area
Waterloo
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Fronting On
W
Special Designations
Unknown
Bedrooms
9+9
Bathrooms
5
Rooms
9+9
Kitchens
3+3
Lot
55.59 x 125.2 ft
Acreage
<.50
Approximate Square Footage
2500-3000
Approximate Age
31-50
Exterior
Brick, Vinyl Siding
Elevator
N
Air Conditioning
None
Family Room
N
Fireplace/Stove
N
Pool
None
Basement
Finished, Walk-Up
Drive
Available
Garage Spaces
0.0
Garage Type
None
Parking Spaces
4
Total Parking Spaces
4.0
Retirement
N
Heat Source
Electric
Heat Type
Baseboard
Sewers
Sewers
Utilities-Hydro
Y
Utilities-Gas
Y
Utilities-Cable
Y
Utilities-Telephone
Y
Water
Municipal
UFFI
No
Zoning
(H) RN-12
Seller Property Info Statement
N
Rooms
Room
Level
Dimensions
Notes
Bathroom
Main
1.57 m x 2.04 m(5.15 ft x 6.69 ft)
4 Pc Bath
Kitchen
Main
4.13 m x 2.02 m(13.55 ft x 6.63 ft)
Bathroom
Bsmt
1.86 m x 2.1 m(6.1 ft x 6.89 ft)
Bathroom
Main
3.51 m x 2.18 m(11.52 ft x 7.15 ft)
4 Pc Bath
Kitchen
Main
3.53 m x 4.97 m(11.58 ft x 16.31 ft)
Bathroom
Bsmt
2.31 m x 2.61 m(7.58 ft x 8.56 ft)
3 Pc Bath
Bathroom
2nd
3.56 m x 2.23 m(11.68 ft x 7.32 ft)
4 Pc Bath
Kitchen
2nd
3.58 m x 4.2 m(11.75 ft x 13.78 ft)
Bathrooms
Pieces
Level
4
Main
4
2nd
3
Bsmt
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