45 High Street, Waterloo ON N2L 3X7

$ 899,999
45 High Street, Waterloo ON N2L 3X7,
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Overview

  • Updated On:
  • November 19, 2024
  • 8 Bedrooms
  • 2 Bathrooms
  • 1,061 ft2

Description

Fantastic Investment Opportunity Prime Location Near Wilfrid 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, totaling $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.

Address: 45 High Street, Waterloo ON N2L 3X7
City:
State/County:
Zip: N2L 3X7
Country: CA
Open In Google Maps
Property Id : 2311556
Price: $ 899,999
Property Size: 1,061 ft2
Rooms: 13
Bedrooms: 8
Bathrooms: 2
Other Features
Accessory Apartment
Dryer
Has Garage
Has Heating System
In-Law Floorplan
Open Parking
Refrigerator
Stove
$ 3,489.47
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,489.47

Mazher Latif

Real Estate Agent
Member of: Cityscape Real Estate Ltd., Brokerage

Contact Me

Schedule a showing?
Call +1 (519) 209-6934 WhatsApp

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Mazher Latif