KWC - Waterloo - Stunning Fiveplex in Heart of Uptown - $76,000 Gross! $849,900

[Mike Milovick]

Over $76,000+ gross annual income available here! This vintage century building features super cash flow from all five units and boasts tremendous character for the discerning investor. Note the profusion of yesteryear craftsmanship throughout: thin plank hardwood, wide baseboards, wood built-ins, great main floor ceiling height, claw foot tub, stained glass window, wood pillars and beamed ceiling. Contemporary updates include: front, back and side doors, some kitchen countertops, newer flooring, Direct Detect smoke system (owned equipment) and a newer NTI Boiler. Current building format of this five plex is a 5 bedroom, a 1 bedroom, two 2 bedrooms, and a 3 bedroom unit. Main floor unit can be re-purposed for a variety of other uses permitted by the zoning. This building meets the definition of apartment building and, as such, is not subject to Rental Licensing. Surface parking and large garage may provide additional income generating opportunities. Walk score is 96 – Walker’s Paradise. Close to everywhere your tenants want to be, including easy walk to both Universities, new LRT stations, and Uptown Waterloo with its abundance of shopping, dining and cultural amenities. Electronic pre-listing inspection report done by Bob Johnston’s Inspection Matters available upon request. Buy with confidence!

Investor worksheet available as attachment.

For more details:
http://www.teammilovick.com/listings/listings/on/waterloo/10-young-street-e?listingId=5362985

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