379 Erb Street West , Waterloo Ontario

Sale $1,160,000.00  | 
Listing # 30600764
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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:

$124,000+ Annualized Gross Income Available Here! Super clean, entry level student apartment building. Seller has spent tens of thousands of dollars on recent improvements including interior, interconnecting corridor (to ensure property remains rental license exempt), new laundry room, unit storage rooms, LED motion lighting, master key system. Contemporary feel with vinyl plank flooring (January, 2016) in lower unit, new broadloom (January, 2016) in other units. "Classic" unit of building recently renovated - refinished thin plank wood floors, new vinyl plank laminate, new kitchen cabinetry, freshly painted - unit is ready for immediate re-entry into rental market. New furnace (January 2016). Plenty of parking - with easy access in and out of lot. New asphalt (2015). Large lot. Seller has owned property for many, many years. Historically strong cash flow. Better than brand new with ownership pride evident! Close to UW, Uptown, and on bus route. Truly turn key building. Shows AAA. Realtor.ca consumers: click on the Brochure Icon for investor work sheet - to see how this property can work for you!

Investment

Lot Frontage: 65.0 Feet
Lot Depth: 168.0 Feet
No. of Parking Spaces: 8
Floor Space (approx): 5497.00 Square Feet
Zoning: MR-6

Property Features:

Amenities Nearby: Schools
Equipment Type: None
Features: Paved driveway , Laundry- Coin operated
OwnershipType: Freehold
Parking Type: No Garage
Property Type: Multi-family
Rental Equipment Type: None
Sewer: Municipal sewage system

Building Features:

Appliances: Dryer , Refrigerator , Stove , Stove
Architectural Style: Multi-Unit
Basement Development: Finished
Basement Type: Full
Building Type: Fourplex
Construction Style - Attachment: Detached
Cooling Type: Air Conditioned , Central air conditioning
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Foundation Type: Poured Concrete
Heating Fuel: Electric , Natural gas
Heating Type: Baseboard heaters , Forced air