KWC - Waterloo- Brick and Beam Six Bedroom Student Loft Condo- $439,900 - Nearly $41,000 Gross Annual income. Heart of Uptown Waterloo

Mike Milovick

Inspired Forum Member
REIN Member
Nearly $41,000 Potential Gross Income Available Here! Positive cash flow opportunity with just 20% down - boasting a projected 5 percent cap rate. See Investor Work Sheet link below for full financials.

This is the only 6 bedroom suite in the development! Suite was developed in 2002 utilizing industrial era (1900's) post and beam building shell. Uber cool with true loft feel. Bare naked brick, exposed post and beam, high ceilings. Character abounds! Many recent interior improvements. See iGuide 360 Virtual Tour link below.

Bike room, games room and laundry cater to the occupants.

Rental licensed, Class Z6 license - City approved. Walk Score of 97 - Walkers Paradise! Close to all amenities tenants desire including two LRT stops, Uptown and its shopping/night life scene, library, Waterloo Park as well as walking distance to both universities.

Condo fees $730 per month which include exterior maintenance, water, garbage removal and a parking spot. Airbnb is permitted in this development. Written lease in place to end of April, 2021.

May I arrange a viewing?

Mike Milovick, CCIM, BBA, Broker
Royal LePage Grand Valley Realty
15C, 370 Highland Road West, Kitchener, N2M5J9
(519) 745-7000
mike@teammilovick.com

Virtual Tour

Investor Work Sheet

More Investment Properties Here

Property Management Available Here

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