317 Spruce Street , Waterloo Ontario

Sale $1,095,000.00  | 
MLS® 30572106
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Office Listing:

Mike Milovick, Broker  |  Jennifer Shingler, Sales Representative

Mike Milovick

Team Milovick

Phone:  519.745.7000
Fax:  519.745.8460

Royal LePage Grand Valley Realty, Brokerage (Independently owned and operated)

Brokerage

15C, 370 HIGHLAND ROAD WEST
Kitchener,  ON N2M5J9

Remarks:

Over $93,700+ Potential Gross Income! Cash Flow Machine! This meticulously maintained, owner-managed, triplex features a 2097 square foot purpose-built addition with generously sized bedrooms and common space. Located about a five minute walk to WLU and a fifteen minute walk to UW, this is a turn key, rental licensed, city approved opportunity. Three 5 bedroom units. This building is fully rented at present - and re-rented for September! There is an awful lot to like here: note three electricity meters, three gas meters, new sump pump, moisture sensing fans in all bathrooms, life safety systems annually inspected, air conditioned units, in suite laundry, newer roof. This building comes complete with good, clean tenants. Some furnishings are seller provided. Located in investor-desirable Northdale, this opportunity should provide better than average yield - today - and in years to come! Let me make your financial analysis of this opportunity easy! Investor work sheet available to show how this positive cash flow property can work for you! Let me e-mail it to you.

Investment

Lot Frontage: 55.0 Feet
Lot Depth: 125.0 Feet
No. of Parking Spaces: 3
Floor Space (approx): 3272.00 Square Feet
Built in: 1954
Zoning: NMU-12

Property Features:

Equipment Type: Water Heater
Features: Paved driveway
OwnershipType: Freehold
Parking Type: No Garage
Property Type: Multi-family
Rental Equipment Type: Water Heater
Sewer: Municipal sewage system

Building Features:

Appliances: Dryer , Microwave , Refrigerator , Stove , Stove , Washer
Architectural Style: Multi-Unit
Basement Development: Finished
Basement Type: Full
Building Type: Triplex
Cooling Type: None
Exterior Finish: Brick , Vinyl siding
Fire Protection: Smoke Detectors
Foundation Type: Poured Concrete
Heating Fuel: Natural gas
Heating Type: Forced air , Boiler