151 University
| Waterloo
$2,499,900.00
Listed 1 day ago
- 5 bed
- 8 bath
- 5000+ sqft
- 7.0 parking
- Fourplex
Instant Estimate
$2,324,778
-$175,123 compared to list price
Upper range
$2,714,987
Mid range
$2,324,778
Lower range
$1,934,568
Property history
- Now
- Listed on Oct 16, 2024
Listed for $2,499,900.00
1 day on market
Location & area
Schools nearby
Home Details
- 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 !
- Additional media
- -
- Property taxes
- $12,165.00 per year / $1,013.75 per month
- Basement
- Apartment
- Year build
- 16-30
- Type
- Fourplex
- Bedrooms
- 5
- Bathrooms
- 8
- Parking spots
- 7.0 Total | 7.0 Garage
- Floor
- -
- Balcony
- -
- Pool
- None
- External material
- Brick
- Roof type
- -
- Lot frontage
- -
- Lot depth
- -
- Heating
- Forced Air
- Fire place(s)
- N
Listing Brokerage
- MLS® Listing
- X9398686
- Brokerage
- HOMELIFE LANDMARK REALTY INC.
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