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  1. Mike Milovick

    KWC - Waterloo - Rare End Unit Near Universities $239,900

    Great rare end-unit with A3 license for 3 rental bedrooms upstairs and A1 license for bachelor setup in lower unit. Very few accessory apartments are in this complex. Most furniture supplied by landlord. Tenants love the proximity to Parkdale Plaza and all it has to offer across the street. On...
  2. Mike Milovick

    KWC - Cambridge - 3 Bedroom Opportunity in Historic Galt - $279,900

    Incredible opportunity to own this gem right in the heart of Historic Galt steps to the University of Waterloo's School of Architecture and the Grand River's trails! Students love this location - it currently has leases in place - but it could be perfect for a young family that seeks urban...
  3. Mike Milovick

    KWC - Kitchener - Centrally Located Money-Making Duplex - $299,900

    Own a duplex money-maker a short walk to two LRT stops, the Grand River Hospital, the Bauer district, and Belmont Village. Also just steps to the proposed future Catalyst 137 tech accelerator site. These units will appeal to tenants looking for easy bus access in a great central location. New...
  4. Mike Milovick

    KWC - Waterloo - Purpose Built Student Sixplex - $186,000 Potential Gross! $2,330,000

    $186,000+ potential annual gross income available here! Five year old, purpose built, thirty student, sixplex apartment building within easy walk to UW and WLU. Contemporary design, spacious units, fine finishes. Perenially rented. Strong cash flow. Rental-license exempt building. Make this...
  5. Mike Milovick

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

    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...
  6. Mike Milovick

    KWC - Waterloo - Smart 5 Bedroom Investment in Prime Location - $389,900

    Ideal opportunity for smart investor. Beautiful, modern, open concept loft bachelor with gleaming hardwood, newer kitchen/bath combined with hard-working five bedroom D2 licensed unit makes for exceptional, compelling opportunity! Enjoy income from main unit while you live for free! Two...
  7. Mike Milovick

    KWC - Waterloo - Entry Level Student Apartment Building $1,160,000

    $109,000+ Annualized Gross Income Available Here! Super clean, entry level student apartment building. Seller has spent tens of thousands of dollars on recent improvements including interior, interconnecting corridor (to ensure property remains rental license exempt), new laundry room, unit...
  8. Mike Milovick

    looking for investment advice over Waterloo area like Student multiple units

    So couple of things for clarification. 1. Student rentals ARE different. Instead of renting to Johnny Lunchbucket and his family (two+ kids, couple of dogs, and a couple cats - you get the picture), you are dealing with younger tenant profile that have hopes and aspirations to some day move...
  9. Mike Milovick

    looking for investment advice over Waterloo area like Student multiple units

    Hi Richard; I would be happy to see if I can help you out. Feel free to e-mail me at [email protected] with your specific requirements. Feel free to check out my website at www.teammilovick.com. Cheers, Mike
  10. Mike Milovick

    Student rentals with VTB

    Hi Ahilan; I will not be at tomorrow night's meeting; however, my clients, Property Manager Adam Hoffman likely will be, as well as my client, Joe Mancini. They would be able to give you their scoop on recent success in the KWC Region. Mike
  11. Mike Milovick

    KWC Student rental oversupply or not

    Hi Sue; I am a student landlord and a student REALTOR and specialize in Waterloo. There has been a lot of building in Waterloo. There IS an oversupply of five bedroom units. There does not seem to be an oversupply of rental bedrooms in general. I have a modest portfolio of multiplexes and...
  12. Mike Milovick

    Student rentals with VTB

    Thomas is not quite correct here. In Waterloo, as an example, properties are valued based on price per LEGAL rentable bedroom. A legal, licensed property for, as an example, five bedrooms, will trade for less than an unlicensed property. You will find a good example of this on my website...
  13. Mike Milovick

    Student rentals with VTB

    CIBC is your choice. VTB is not when it comes to student rentals. I did a deal personally where I asked seller to hold back $60,000 (I had just bought my dream car was short on cash and opportunity dropped into my lap). What I found that when I disclosed the vtb - which you have to do - my...
  14. Mike Milovick

    Any flat roofer recommendation for KW/Hamilton/Milton?

    Hi Daniel; Have you considered replacing the flat roof with a sloped roof? I know it's a big roof - but you might be suprised at the cost between flat roof replacement and building a slope one. Mike
  15. Mike Milovick

    looking for investment advice over Waterloo area like Student multiple units

    Hi Sue; I have sold close to 600 student income properties in Waterloo - many to REIN members. In fact, I posted my current listings to the Ontario Classified section on MyReinSpace yesterday. I am also a student housing landlord. I would be happy to help. Cheers, Mike Mike Milovick...
  16. Mike Milovick

    Oshawa REALTOR Needed

    Hi REIN; I am looking for an Oshawa REALTOR that I can refer a good client to. REALTOR should have working knowledge of Oshawa's Rental Housing By Law, related zoning by laws, and familiarity with both low density rentals (lodging houses, duplexes and triplexes) as well as small apartment...
  17. Mike Milovick

    Carpet or laminate?

    This is what I have started to use in my places as well. Excellent product. Low maintenance/easy maintenance, sections can be removed/replaced if damged. Ultimate tenant flooring.
  18. Mike Milovick

    Some humour among the European debt crisis, stimulus package etc.

    Hi Thomas; Read this link. http://www.wsws.org/articles/2006/feb2006/cart-f04.shtml Note the governments and newspapers involved. Because its a joke, I guess we should think its funny. Or because a newspaper or government deems it to be printable or acceptable then we should condone...
  19. Mike Milovick

    Some humour among the European debt crisis, stimulus package etc.

    `For 400 euros you can adopt a Greek. He`ll stay at your place, sleep late, drink coffee, have lunch and then take a nap, so you can go to work.` Sub out "Greek" with Indian or Jew and then ask yourself how a reader could be offended reading this. Just because its in the paper, doesn't mean...
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