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

$4,990,000

MLS® # 40851244

Investment For Sale In Central, Waterloo, Ontario

$4,990,000

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.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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