Dear REIN members,

This amazing 2 bedroom condo is now for Sale in Waterloo for $154,900.  It is currently rented for $925 plus utilities to excellent tenants who are on a lease until August 31, 2012.  They would like to stay longer if possible.  Unit #7 is on the desired main floor of the condo apartment building.  The main benefits of this property to the tenants are its convenience to ammenites in the area because it is on the GRT bus route like the St. Jacob's Market and Sobey's Grocery Store, Northfield Raquet Club, Tim Horton's, RBC Bank and other shopping centres, it is close to the University of Waterloo and employers on Northfield and Weber.  Also, included in the rent is one parking spot #117, a storage locker A and ensuite laundry.  

The benefits to the Owner/Landlord of this propertie are:

1.  It is easy to rent out.  The vacancy rate in KW is 1.7%. 

2.  It is a turnkey operation because the suite is in immaculate condition both inside and out so there is less hassle with outdoor maintenance like snow shovelling, grass cutting and outside maintenance. 

3.  This is close to the proposed LRT Northfield Station and route.  Real Estate areas that are within 1 km of a station are expected to increase in value more than those areas that are greater than 1 km away. 

4.  It can be rented to University students and working professionals alike.  

5.  Great exit strategies: sell to an investor, parent of a University Student, or a home owner.

6.  It is exempt from the City of Waterloo Rental Licensing By-Law!!! 

The condo fees are $250 a month and the annual taxes are $1331. 

This property is on MLS #1227644.  For more information please go to www.billsellshomes.ca.

Regards,
Bill Keay