$2,499,900
( $247.86Per Sq Foot )
 $13,420 est/mo Sourced by Back At You

151 University Avenue , Waterloo, ON N2J 2W4

Waterloo, ON N2J 2W4

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Description

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 !

Details

MLS#X9415788
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site118
Listing Provided ByHOMELIFE LANDMARK REALTY INC. | Not Provided

Features

SQ Feet10,086
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 42 minutes ago
StateON
CountyWaterloo
CityWaterloo
Zip CodeN2J 2W4
Listing VS Median (in N2J 2W4)
Price:
$2,499,900
low | high
Med:
$2,499,900
50% of Average
SqFt:
10,086
low | high
Med:
10,086
50% of Average
$ / SqFt:
$248
low | high
Med:
$248
50% of Average
On Site:
118
low | high
Med:
118.000000
100% of Average
Sourced by Back At You
Listing Updated: January 30, 2025 at 12:43:28 AM PST