151 University Avenue E Waterloo, Ontario N2J 2W4
$2,499,900
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 ! (id:24801)
Property Details
| MLS® Number | X9398686 |
| Property Type | Single Family |
| Parking Space Total | 7 |
Building
| Bathroom Total | 8 |
| Appliances | Central Vacuum, Dryer, Furniture, Microwave, Refrigerator, Stove, Washer |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Concrete, Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 159 Ft |
| Size Frontage | 64 Ft |
| Size Irregular | 64 X 159 Ft ; 64.16 Ft X 159.0 Ft X 64.1 Ft X 156.2 Ft |
| Size Total Text | 64 X 159 Ft ; 64.16 Ft X 159.0 Ft X 64.1 Ft X 156.2 Ft |
Utilities
| Sewer | Available |
https://www.realtor.ca/real-estate/27547581/151-university-avenue-e-waterloo
Contact Us
Contact us for more information
Jay Zhang
Salesperson
7240 Woodbine Ave Unit 103
Markham, Ontario L3R 1A4
(905) 305-1600
(905) 305-1609
www.homelifelandmark.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 17 2024 07:09:05
Toronto Real Estate Board
Homelife Landmark Realty Inc.