KWC - Waterloo - Rare End Unit Student Investment - $29,100 Gross! $264,900

Mike Milovick

Inspired Forum Member
REIN Member
Mar 15, 2008
Waterloo, Ontario, Canada
$29,100 Potential Gross Income! Leases in place until at least end of August, 2017. Current tenants on group lease paying $2425 a month inclusive. Positive cash flow after debt service with just 20% down. Condo fees of just $400 per month (which include water, exterior maintenance and snow removal). New, rare Class D2 rental licence (licence #2017 006011) allowing for five rental bedrooms has already been issued. Spacious end unit. All bedrooms are above grade - no basement bedrooms. Galley style, eat in kitchen features upgraded maple kitchen cabinetry. Finished lower level with large rec room and three piece bath. Note air conditioning, and central vac. Life safety equipment has had annual servicing. Private fenced yard, deck. Gate from backyard into common, park-like setting. Amenities tenants love and desire -but can't get in an apartment building. 10 minute bike ride to University of Waterloo. Conveniently located on direct bus route to University of Waterloo. Truly a turn key income opportunity. Let me send you an investor work sheet to show you how this opportunity can work for you.

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