KWC - Waterloo - 5 Bedroom Student Rental - $24,000 Potential Gross - $247,900

Mike Milovick

Inspired Forum Member
REIN Member
Mar 15, 2008
Waterloo, Ontario, Canada
Nearly $24,000 Potential Gross Annual Income Available here! Current tenants in place until end of April, 2016. Monthly rent is $1985 plus utilities (cable/internet paid by owner). Over $5000+ positive cash flow after debt service with just 20% down. This is an ideal opportunity for a handyman/renovator looking to build net worth by capitalizing on their renovation abilities. This property has a rare Class D2 license(license number: which allows for up to five rental bedrooms. Some big ticket items have been done: newer roof (2014), newer windows, newer eaves trough. Owner enclosed the car port for covered storage. Basement walk-up here and basement bedrooms have subfloors. Located on student-recognizable street just fifteen minute walk to University of Waterloo.

Investor work sheet available as attachment.

For more details:
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