KWC - Waterloo - Authentic Student Loft - $19,000+ Potential Gross - $260,000


Inspired Forum Member
REIN Member
Mar 15, 2008
Waterloo, Ontario, Canada
$19,000+ Potential Gross Income Available Here! This suite was created in 2002 using an industrial era (1900's) building shell. Beam and Brick construction - uber cool factor with authentic loft feel. Character abounds! The unit features three generously, oversized bedrooms. New laminate flooring Clean tenants. Shows AAA. This suite is an upper concourse, corner unit - no lower level bedrooms. Complex amenities are geared to premium student living: bike room, games room and laundry cater to the occupants. Turn key, rental licensed operation with Class Z3 Premium license. City rental approvals have been met. Money in place, with written leases, until end of April, 2018. All three tenants pay $530 with the landlord paying gas and electricity. Landlord charges an additional $30 a month for parking. Condo fees of $343.21 a month include garbage removal, exterior maintenance, capital insurance, water and snow removal. Investor work sheet available which has full financials - combined with contemporary financing - to show how this opportunity can work for you! Easy walking distance to all of Uptown's amenities, both universities and several LRT stations. Great opportunity for smart parent with kid going to one of the universities or entry level investor looking to start building a student housing portfolio.

Investor worksheet attached.

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