KWC - Waterloo - 6 Bedroom Home in Prime Student Location - $649,900


Inspired Forum Member
REIN Member
Mar 15, 2008
Waterloo, Ontario, Canada
$42,840 scheduled, annualized Gross Income available here! Leases in place until at least the end of April, 2018! Current tenants paying $3570 a month plus electricity! Positive cash flow opportunity with just 20% down. Delightful, older home that radiates with tremendous character! Over 2070+ finished square footage between both levels! Recent updates include: furnace (2013), roof (2015), owned water heater (2013). Electrical updated to breakers. Day light basement. Heat ducts in basement floors. Some newer windows. Abundance of thin plank hardwood flooring on the main level. Steps to WLU, Waterloo Park and MacGregor Elementary School! Located in the prestigious Albert-MacGregor Conservation District, architectural buffs will note this home as an example of "a Ranch style house in Modern white brick." Current home's format has two separate units, duplexed by building permit in 2001. Outstanding opportunity for parent buyer looking for the Best Location money can buy for their university-bound son or daughter,or investor looking to get a deed in their name while benefiting from an optimally located opportunity in close proximity to the universities - in one of the perennially best real estate markets in Ontario!

Investor worksheet attached.

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