KWC - Waterloo - 10 Bedroom Fourplex with $68,000+ Gross - $599,900

Mike Milovick

Inspired Forum Member
REIN Member
Mar 15, 2008
Waterloo, Ontario, Canada
Income with Character! Over $68,000+ Gross Annual Income Available in this Grand, Turn of 20th Century Building! City Approved, Rental Licensed Operation Fourplex (10 rental bedrooms). Two A-3 licenses and two A-2 licenses. 3300+ Square Feet. Opportunities abound: Run as is - enjoying exceptional student income. Re-position to target building to young professional demographic that is embracing the area. Or, possibly, owner occupy a unit - enjoying proximity and benefits/amenities of urban living and fantastic income. Thousands spent in updates under seller's ownership: newer furnace, newer boiler, roof, porch and balcony reconstruction, flooring, bathrooms +++. Parking for six vehicles. Steps to future LRT Station (2017) and Waterloo Park. Easy walk to Uptown, University of Waterloo, Wilfrid Laurier University, Perimeter Institute and CIGI. Walk score of 82 (very walkable). Buy with confidence - pre-listing building inspection report available!

Investor worksheet available as attachment.

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