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Home ON Kitchener - Cambridge - Waterloo Waterloo Willowdale
151 UNIVERSITY AVENUE E
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151 UNIVERSITY AVENUE E $2,499,900
$2,499,900
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151 UNIVERSITY AVENUE E
Waterloo, Ontario N2J2W4

MLS® Number: X9415788

Listing Description

A great investment opportunity for a student apartment building in the core strip of Waterloo. It is close to three universities: 2.2 km to the UW, 1.2 km to WLU, and 0.4 km to Conestoga College, with direct bus Route 202 to all schools. The lot measures 64.05 x 158.65 feet, zoned MU20, with potential for higher-level building in the near future.This fourplex student building includes 20(4X5) bedrooms, 8 (4X2) bathrooms, and 4 (4X1) kitchens. There is a separate laundry room with coin-operated machines. The property offers 7 parking spots, an AC and central heating system. All kitchens are newly renovated; the roof was replaced in 2017, and all equipment is in great working condition.Built in 2002 specifically for students, no renting license is required. It has been operated and maintained by the owner who has since moved to BC.The total gross income for the past three years has been over $200K annually (excluding parking and laundry income). For serious buyers, the lease list can be provided. The annual fixed costs are about $40,000 excluding mortgage interest. Its fully leased now with on-call maintenance staff and 24hrs emergency contact. Don't miss your chance to explore this investment property ! (36969643)

Location Description

University Ave East / Weber St

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Land Size
Bldg=64 x 159 FT ; 64.16 ft x 159 ft x 64.1 ft x 156.2 ft
Annual Property Taxes
$12,165
Total Parking Spaces
7
Time on REALTOR.ca
18 days

Building

Interior Features
Appliances Included
Dryer, Furniture, Microwave, Refrigerator, Stove, Washer
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Parking
Total Parking Spaces
7

Measurements

Square Footage
10086 sqft
Exterior Building Size
10086 sqft

Land

Lot Features
Frontage
64 ft
Land Depth
159 ft
Other Property Information
Zoning Description
MU20
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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