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Maria Tompson
Sales Representative
Remax Example Inc., Brokerage
Independently owned and operated.
4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
Cell: 416-548-7854Office: 416-548-7854Fax: 416-981-7184Toll Free: 1-866-382-2968
$899,999
Available - For Sale
Listing ID: X10427607
45 High St , Waterloo, N2L 3X7, Ontario
| Fantastic Investment Opportunity Prime Location Near Wilfred Laurier University! This turnkey property is fully rented to a mix of students and working professionals, generating a strong and consistent rental income of $550 per room across 8 spacious bedrooms, totalling $52,800 annually. Located just 900 meters (a 10-minute walk) from Laurier University, and a short 15-minute bus ride to the University of Waterloo, this property offers exceptional rental demand in one of Ontario's top university towns. Significant recent updates include a fully renovated main floor bathroom (new shower, modern tile flooring, and toilet in 2023), as well as a beautifully refreshed basement bathroom with new modern tile flooring. The property also boasts brand-new plumbing throughout (2023) and a new AC/Heating system (2022) for year-round comfort. The detached garage, with a new roof (2022), offers additional storage or potential for extra income. Both units feature in-suite laundry, and the property is fully licensed with Class D2 (five bedrooms) and Class A3 (three bedrooms) rental licenses in place. This is an excellent, cash-flow-positive opportunity for investors looking to capitalize on the high demand for student and professional housing in this vibrant, high-traffic area. With the property fully rented and strong cash flow already in place, this is a rare chance to own a well-maintained, income-generating asset in a prime location. Investor worksheet available upon request. |
| Extras: All existing light fixtures, all existing window coverings, all existing kitchen appliances (2 fridges, 2 stoves, Hood fans) All existing clothes washer and dryer. |
| Price | $899,999 |
| Taxes: | $6515.22 |
| Address: | 45 High St , Waterloo, N2L 3X7, Ontario |
| Lot Size: | 50.00 x 130.00 (Feet) |
| Acreage: | < .50 |
| Directions/Cross Streets: | King Street & Columbia Street| |
| Rooms: | 11 |
| Rooms +: | 0 |
| Bedrooms: | 5 |
| Bedrooms +: | 3 |
| Kitchens: | 1 |
| Kitchens +: | 1 |
| Family Room: | Y |
| Basement: | Finished, Sep Entrance |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Brick |
| Garage Type: | Detached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 4 |
| Pool: | None |
| Property Features: | Library, Park, Place Of Worship, Public Transit, School, School Bus Route |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Sewers: | Sewers |
| Water: | Municipal |
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%
Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| FORTUNE HOMES REALTY INC. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Style: | Bungalow |
| Lot Size: | 50.00 x 130.00(Feet) |
| Tax: | $6,515.22 |
| Beds: | 5+3 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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