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Office Listing

Mike Milovick, Broker  |  Jennifer Shingler, Sales Representative


Remarks

$20400 Projected Gross Annual Income Available here! Nice price point for freehold (no condo maintenance fees), legal, rental-licensed investment opportunity. Cash flow positive opportunity. Get a foothold in the lucrative, Waterloo student housing market, here! City approved Class D2 license (good for up to five rental bedrooms, currently has four bedrooms) in place. Seller converted home from electric heat to natural gas! Updated 100 Amp distribution panel, newer front door, mostly newer windows (with exception of bay window), roof done in 2014, newer eavestroughs and downspouts. Main bath has extensive ceramics with tongue and groove cedar ceiling. Seller-provided furnishings included in purchase price. Spacious bedrooms, generously-sized common amenities. This property can work well for entry level investor, first time buyer, or even possible conversion back to residential for first time home buyer. Walking distance to the David Johnston University of Waterloo Science and Technology park. Written leases in place to at least end of December, 2018. Investor worksheet available to show how this property can work for you! Invest in Perennially One of Ontario's Top Ten Cities to Invest In! (id:27)


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