7 Bedroom
2 Bathroom
2,022 ft2
Bungalow
None
Forced Air
$750,000
Live in the upper level and rent out 4 bedrooms on the lower level. You have options with the current Class A - 3 bedroom rental licence for the upper level . Class A - 4 bedroom rental licence for the lower level. This unique property stands out as a perfect choice for investors, offering a smart way to manage living arrangements while expanding your investment portfolio. —Highlights— • Design: A well-planned 3-bedroom bungalow complemented by a secondary 4-bedroom basement unit, featuring a separate side entrance for privacy and independence • Capacity: Boasting total 7 bedrooms in total, this property is well-equipped to accommodate a significant number of tenants • Amenities: 2 fully functional kitchens, spacious living areas, and separate laundry facilities cater to all the needs of student life • Location: Nestled in a quiet, safe residential neighbourhood, this property ensures a peaceful study environment • Accessibility: Just a 5-minute bus ride to the University of Waterloo, with the #9 bus stop right outside the front door. For those who prefer walking, the university is a comfortable sub-30-minute stroll away • Convenience: Grocery, drugstores, and restaurants are within a 2km radius; a breezy 18-minute bus ride. Conestoga Mall and transit links are 20 mins • Maintenance: The property is neat, tidy, and has been meticulously maintained, ensuring a hassle-free investment • Parking: A double-wide driveway provides ample space for up to 4 vehicles • Outdoors: A sizable yard, perfect for al-fresco study sessions, summer barbecues, and various lawn games • Additionally, a free-standing shed offers convenient bicycle storage. This property is not just a residence; it's a lifestyle choice for students seeking convenience, comfort, and a sense of community. As an investor, you're not just offering a place to stay; you're creating a home away from home for students, with the added benefit of a robust investment in one of Ontario's thriving educational hubs. (id:50976)
Property Details
|
MLS® Number
|
40741045 |
|
Property Type
|
Single Family |
|
Amenities Near By
|
Park, Public Transit, Schools, Shopping |
|
Community Features
|
Quiet Area, Community Centre |
|
Equipment Type
|
Water Heater |
|
Features
|
Paved Driveway, Crushed Stone Driveway, In-law Suite |
|
Parking Space Total
|
4 |
|
Rental Equipment Type
|
Water Heater |
|
Structure
|
Shed |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
3 |
|
Bedrooms Below Ground
|
4 |
|
Bedrooms Total
|
7 |
|
Architectural Style
|
Bungalow |
|
Basement Development
|
Finished |
|
Basement Type
|
Full (finished) |
|
Constructed Date
|
1967 |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick Veneer, Vinyl Siding |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Size Interior
|
2,022 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Park, Public Transit, Schools, Shopping |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
60 Ft |
|
Size Frontage
|
82 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
R1 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Basement |
Utility Room |
|
|
11'9'' x 8'9'' |
|
Basement |
Bedroom |
|
|
11'0'' x 9'3'' |
|
Basement |
Bedroom |
|
|
10'10'' x 11'3'' |
|
Basement |
Bedroom |
|
|
11'9'' x 10'8'' |
|
Basement |
Bedroom |
|
|
12'2'' x 10'8'' |
|
Basement |
4pc Bathroom |
|
|
10'7'' x 4'11'' |
|
Basement |
Family Room |
|
|
7'10'' x 7'7'' |
|
Basement |
Dinette |
|
|
12'10'' x 7'10'' |
|
Basement |
Kitchen |
|
|
9'2'' x 7'8'' |
|
Main Level |
4pc Bathroom |
|
|
7'7'' x 5'0'' |
|
Main Level |
Primary Bedroom |
|
|
11'7'' x 11'1'' |
|
Main Level |
Bedroom |
|
|
10'8'' x 8'5'' |
|
Main Level |
Bedroom |
|
|
11'11'' x 8'9'' |
|
Main Level |
Kitchen |
|
|
15'10'' x 9'11'' |
|
Main Level |
Living Room |
|
|
16'0'' x 11'0'' |
https://www.realtor.ca/real-estate/28468928/553-teakwood-drive-waterloo
