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$899,999
Available - For Sale
Listing ID: X10427607
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.
Price $899,999
Taxes: $6,515.22
Address: 45 High St , Waterloo, N2L 3X7, Ontario
Lot Size: 50 x 130 (Feet)
Acreage: < .50
Directions/Cross Streets: King Street & Columbia Street|
Rooms: 11
Rooms +: 0
Bedrooms: 5
Bedrooms +: 3
Washrooms: 2
Kitchens: 1
Kitchens +: 1
Family Room: Y
Basement: Finished
Sep Entrance
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 21.65 15.68 Combined W/Living
Room 2: Main Br 8.99 9.81
Room 3: Main 2nd Br 11.41 9.91 Closet, Walk-Up
Room 4: Main 3rd Br 9.68 8.33
Room 5: Main 4th Br 11.41 11.25
Room 6: Main 5th Br 11.25 9.05
Room 7: Bsmt Kitchen 11.25 9.09
Room 8: Bsmt Rec 12.23 13.32
Room 9: Bsmt Br 11.51 10.23
Room 10: Bsmt 2nd Br 10.00 11.09
Room 11: Bsmt 3rd Br 10.17 11.09
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Bsmt
Property Type: Detached
Style: Bungalow
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 4
Pool: None
Property Features: Library
Park
Place Of Worship
Public Transit
School
School Bus Route
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Sewers: Sewers
Water: Municipal
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FORTUNE HOMES REALTY INC.

45 High St , Waterloo, N2L 3X7, Ontario

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Freehold - Detached
Area: Waterloo
Municipality: Waterloo
Neighbourhood:
Style: Bungalow
Lot Size: 50.00 x 130.00(Feet)
Approximate Age:
Tax: $6,515.22
Maintenance Fee: $0
Beds: 5+3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949