317 Spruce Street Waterloo, Ontario N2L 3M6
$1,600,000
Over $98,400+ Annualized Gross Income Available Here! Cash Flow Machine! This meticulously maintained, owner-managed, triplex features a 2097 square foot purpose-built addition with generously sized bedrooms and common space. Located about a five minute walk to WLU and a fifteen minute walk to UW, this is a turn key, rental licensed, city approved opportunity. Three 5 bedroom units. This building comes to you fully rented. A lot of arrows up here: note three electricity meters, three gas meters, moisture sensing fans in all bathrooms, life safety systems annually inspected, and in suite laundry. This building comes complete with good, clean tenants. Some furnishings are seller provided. Located in investor-desirable Northdale, this opportunity should provide better than average yield - today - and in years to come! With both universities fully open for January, this makes for a tremendous re-opening investment! Let me make your financial analysis of this opportunity easy! Investor work sheet available to show how this positive cash flow property can work for you! Let me e-mail it to you. (id:29438)
Property Details
| MLS® Number | 40167872 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship, Public Transit, Schools |
| Equipment Type | Water Heater |
| Features | Paved Driveway |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
Building
| Bedrooms Total | 15 |
| Appliances | Microwave |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1954 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Boiler, Forced Air |
| Stories Total | 2 |
| Size Interior | 2353 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 125 Ft |
| Size Frontage | 55 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Nmu-12 |
https://www.realtor.ca/real-estate/23844073/317-spruce-street-waterloo
Interested in this property?
Claudio Baiocchi, REALTOR®
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 19 2022 12:20:36
Kitchener-Waterloo Association of REALTORS®
Royal LePage Grand Valley Realty
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