5 Bedroom
2 Bathroom
1,470 ft2
Central Air Conditioning
Forced Air, Hot Water Radiator Heat
$549,900Maintenance, Insurance, Parking, Water
$840.74 Monthly
Positive Cash Flow opportunity in the heart of Waterloo! This fully leased 5-bedroom, 2-bathroom condo unit at 392 Albert Street, Unit 204 offers a rare opportunity to own a high-performing rental property just minutes from the University of Waterloo and Wilfrid Laurier University. Currently rented, this property generates a strong annual income of $48,000. Inside, the unit features a modern kitchen complete with maple cabinetry, a double sink, and included appliances—fridge, stove, and dishwasher. The open-concept living and dining area is spacious and bright, enhanced by a Juliette balcony with west-facing exposure that brings in plenty of natural light. Each of the five bedrooms is generously sized and comes fully furnished with a bed, desk, and chest of drawers, making this a truly turnkey investment. The unit includes two full bathrooms—one 3-piece and one 4-piece—offering convenience for shared living. Additional highlights include durable vinyl plank flooring throughout (completely carpet-free), hydronic hot water heating, a sprinkler system, intercom access, and deadbolts on all bedroom doors for added safety and privacy. This low-maintenance condo is ideally suited for turn key income and offers excellent long-term rental potential in one of the perennially best rental markets in Canada. (id:50976)
Property Details
|
MLS® Number
|
40749468 |
|
Property Type
|
Single Family |
|
Amenities Near By
|
Place Of Worship, Public Transit, Schools |
|
Equipment Type
|
None |
|
Features
|
Southern Exposure, Balcony, Country Residential, Laundry- Coin Operated |
|
Parking Space Total
|
1 |
|
Rental Equipment Type
|
None |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Total
|
5 |
|
Appliances
|
Dishwasher, Refrigerator, Stove |
|
Basement Type
|
None |
|
Constructed Date
|
2015 |
|
Construction Style Attachment
|
Attached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Fire Protection
|
Smoke Detectors |
|
Heating Type
|
Forced Air, Hot Water Radiator Heat |
|
Stories Total
|
1 |
|
Size Interior
|
1,470 Ft2 |
|
Type
|
Apartment |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Place Of Worship, Public Transit, Schools |
|
Sewer
|
Municipal Sewage System |
|
Size Total Text
|
Unknown |
|
Zoning Description
|
R9 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Main Level |
Primary Bedroom |
|
|
15'0'' x 11'3'' |
|
Main Level |
Living Room |
|
|
12'11'' x 20'8'' |
|
Main Level |
Kitchen |
|
|
8'10'' x 10'5'' |
|
Main Level |
Dining Room |
|
|
12'10'' x 12'9'' |
|
Main Level |
Bedroom |
|
|
15'1'' x 8'3'' |
|
Main Level |
Bedroom |
|
|
15'0'' x 8'3'' |
|
Main Level |
Bedroom |
|
|
15'0'' x 8'3'' |
|
Main Level |
Bedroom |
|
|
8'3'' x 16'7'' |
|
Main Level |
4pc Bathroom |
|
|
7'11'' x 5'4'' |
|
Main Level |
3pc Bathroom |
|
|
5'10'' x 8'3'' |
https://www.realtor.ca/real-estate/28605157/392-albert-street-unit-204-waterloo
