52 Noecker Street , Waterloo Ontario

Sale $799,900.00  | 
MLS® 30561313
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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:

$76,000+ Potential Gross Annualized Income Available here! Fully rented with leases in place until at least May, 2017. Generous positive cash flow, purpose-built, student triplex that features three, City Approved Class D2 rental licenses for five rental bedrooms per unit! 15 rental bedrooms total! Turn Key operation. Opportunity to increase income. Tens of thousands of dollars spent in recent updates including: modernized kitchens with granite countertops, dishwashers and contemporary white kitchen cabinetry. New laminate flooring throughout common areas and hallways, recently rebuilt side staircase/deck, professionally landscaped exterior, freshly painted units and hallway, new air conditioning units. Located on oversized lot with a large parking lot in the rear. Coin laundry. Four separate electrical meters. Each unit has its own water heater. Walk Score of 90 (Walker's Paradise) means this property is situated close to everywhere your tenants' want to be - WLU, Uptown and transportation! Great assumable mortgage at 2.89%! Located in one of the Perennially Best Cities in Canada to invest in. Let me e-mail you an investor work sheet to show how this opportunity can work for you!

Investment

Lot Frontage: 80.0 Feet
Lot Depth: 179.0 Feet
No. of Parking Spaces: 6
Floor Space (approx): 2970.00 Square Feet
Built in: 1988
Zoning: GR2A

Property Features:

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:

Architectural Style: 3 Level , Multi-Unit
Basement Development: Partially finished
Basement Type: Partial
Building Type: Triplex
Cooling Type: None
Exterior Finish: Vinyl siding
Fire Protection: Smoke Detectors
Foundation Type: Unknown
Heating Fuel: Electric
Heating Type: Baseboard heaters