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$164,400 Effective Gross Annual Income Available Here!

$2,400,000

For Sale: in

$164,400 Effective Gross Annual Income Available Here!

Mike Milovick

Realtor

Listing Details

Co-op commission: 1.5%

Subtype: Student Housing

Total building size (sq. ft.): 4536

Zoning: U1-40

Floors: 4

Beds: 20

Baths: 8

Description

$164,400 Effective Gross Annual Income Available Here! Invest in a Rare and Profitable Fourplex Near All of Waterloo's Post-secondary institutions. This is your chance to own a purpose-built, fourplex apartment building in a prime location. It’s just steps away from Wilfrid Laurier University and Uptown Waterloo and a short walk to Conestoga College and University of Waterloo. You’ll never have trouble finding tenants for these spacious and modern units. Each one features five bedrooms, two full bathrooms, and a large open concept kitchen-living room as well as in-suite laundry. Note handicap access, controlled entry and individual electrical and gas meters. Each unit has its own high efficiency furnace and air conditioner for optimal comfort. This is a quality-built, turn-key rental operation that is exempt from rental licensing. Don’t miss this rare opportunity to invest in a market with very few purpose-built buildings available. Contact me today to arrange a private showing - and learn how this building can exceed your investment needs!

Location & nearby

This listing is located in Waterloo, ON N2J 2P7

7 Elgin Street, Waterloo, ON, Canada

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Mike Milovick

Realtor

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