KWC Waterloo - $879,900 Duplexed Mini-Mansion Boasts $72,000 Gross Annual Income

Mike Milovick

Inspired Forum Member
REIN Member
$72,000 Annualized Gross Income with Opportunity for More! Perennially rented!

Rental licensed, City-approved opportunity in desirable MacGregor Albert Heritage Conservation District!

3600+ SF. Building format has two 5 bedroom units. Spacious units with over sized bedrooms/common areas in a classical, mini-mansion setting that tenants desire! Note separate electrical meters. Punch code, keyless entry to units. Detached garage. Large common areas. Multiple bathrooms per unit.

Rental rates can be increased significantly on re-rental while operating costs can be off-loaded to tenants for even bigger net income.

Almost across the street from Waterloo Park with an easy walk to Uptown, LRT and both universities. Ideal opportunity for: buyer looking to owner occupy while seeking mortgage helper income or for value investor seeking to add residential income to a diversified investment portfolio. Investor work sheet available to show how this cash flow positive opportunity (with just 20% down) can work for you!
 

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  • 75 Albert Street, Waterloo - Investor Work Sheet.pdf
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