Property Information:

Rare chance to own a contemporary, purpose-designed eight-unit building in one of the most sought-after student rental pockets in the city. Wilfrid Laurier's campus sits practically at your doorstep — the Science and Athletic facilities are a short stroll away, making this an easy walk for every tenant. Location like this simply doesn't come available often. Every suite is thoughtfully appointed with its own hydro and gas metering, two full bathrooms, and the added convenience of laundry right in the unit. Spacious shared areas round out the layout. The property has been carefully looked after under hands-on ownership, and each resident is secured on a signed lease agreement. The numbers work: this asset produces positive cash flow at today's lending rates, delivering dependable returns from day one. There's room to grow revenue further as units turn over, offering built-in upside for the incoming owner. It's a natural fit for an experienced operator who appreciates the reliability of housing situated within arm's reach of a major university. (id:27)

Building Features:

Style: Multiplex
Basement Development: Partially finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 8930 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water softener

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Public Transit, Schools
Floor Space (approx): 8930 Square Feet
Lot Frontage: 55 Feet
Zoning: RMU-40
Sewer: Municipal sewage system
Parking Type: Covered
No. of Parking Spaces: 8

Courtesy of: RE/MAX Real Estate Centre Inc.

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Demographic Information of 172 REGINA Street N, Waterloo, Ontario, N2J 3B3

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$65,862.89

Average Number of Children

1.49

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

4.76 %

High school certificate or equivalent

40.61 %

Apprenticeship trade certificate/diploma

1.33 %

College/non-university certificate

9.56 %

University certificate (below bachelor)

2.08 %

University Degree

41.64 %

Commuter

Travel To Work

By Car

56.59 %

By Public Transit

22.58 %

By Walking

14.86 %

By Bicycle

1.1 %

By Other Methods

4.87 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

88.88 %

Houses

11.12 %

172 REGINA Street N, Waterloo, Ontario, N2J 3B3