8 Bedroom
2 Bathroom
Bungalow
Central Air Conditioning
Forced Air
$899,999
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. (id:50976)
Property Details
|
MLS® Number
|
X10427607 |
|
Property Type
|
Single Family |
|
Amenities Near By
|
Schools, Place Of Worship, Park, Public Transit |
|
Community Features
|
School Bus |
|
Features
|
Carpet Free |
|
Parking Space Total
|
5 |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Below Ground
|
3 |
|
Bedrooms Total
|
8 |
|
Architectural Style
|
Bungalow |
|
Basement Development
|
Finished |
|
Basement Features
|
Separate Entrance |
|
Basement Type
|
N/a (finished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Schools, Place Of Worship, Park, Public Transit |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
130 Ft |
|
Size Frontage
|
50 Ft |
|
Size Irregular
|
50 X 130 Ft |
|
Size Total Text
|
50 X 130 Ft|under 1/2 Acre |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Basement |
Bedroom 3 |
3.1 m |
3.38 m |
3.1 m x 3.38 m |
|
Basement |
Kitchen |
3.43 m |
2.77 m |
3.43 m x 2.77 m |
|
Basement |
Recreational, Games Room |
3.73 m |
4.06 m |
3.73 m x 4.06 m |
|
Basement |
Bedroom |
3.51 m |
3.12 m |
3.51 m x 3.12 m |
|
Basement |
Bedroom 2 |
3.05 m |
3.38 m |
3.05 m x 3.38 m |
|
Main Level |
Kitchen |
6.6 m |
4.78 m |
6.6 m x 4.78 m |
|
Main Level |
Bedroom |
2.74 m |
2.99 m |
2.74 m x 2.99 m |
|
Main Level |
Bedroom 2 |
3.48 m |
3.02 m |
3.48 m x 3.02 m |
|
Main Level |
Bedroom 3 |
2.95 m |
2.54 m |
2.95 m x 2.54 m |
|
Main Level |
Bedroom 4 |
3.48 m |
3.43 m |
3.48 m x 3.43 m |
|
Main Level |
Bedroom 5 |
3.43 m |
2.76 m |
3.43 m x 2.76 m |
https://www.realtor.ca/real-estate/27658326/45-high-street-waterloo
