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8 Spring Street E Waterloo, Ontario N2J 2L8

5 Bedroom 2 Bathroom 1489
Central Air Conditioning Forced Air

$699,900

$39,000 Potential Gross Available Income Available here on Re-rental! With current tenants paying $2600 per month plus utilities, there is significant upside on rent when tenants depart at end of April. This building is a city-approved, rental-licensed, rare, Class D2 rental operation that generates positive cash flow with 35% down. A Legal money maker! Note newer front and back doors, updated basement vinyl windows and recently validated life safety systems. 5 bedrooms total - no below grade bedrooms. The main floor boasts 9 foot + ceilings and basement celling height of 8 foot +. The main floor features a large eat in kitchen. The loft level has potential for additional, cool living space. The house has been upgraded 100 amp electrical service and has a Lennox high efficiency furnace. Work sheet with projected financials available to show how the numbers can work for you. Excellent opportunity located in the Heart of Uptown Waterloo with an 89 walk score - close to everywhere you want to be. Steps to all of Uptowns amenities including restaurants, cafes, bars, and boutique shops. One block to WLU and Waterloo Park. Quick walk to University of Waterloo and two LRT stations. This property will lend itself quite well to investor, parent buyer with kid going to university, user that wants to capitalize of Uptown Waterloo zoning, bed and breakfast operator, part of a redevelopment parcel (surround by unimproved single detached homes) for a developer, or, with some contemporary updates, great residential home close to everywhere. Lots of arrows up here! Let's set up a showing Today! (id:29438)

Property Details

MLS® Number 40202206
Property Type Multi-family
Amenities Near By Place Of Worship, Public Transit, Schools, Shopping
Community Features Community Centre
Equipment Type None
Features Paved Driveway
Parking Space Total 2
Rental Equipment Type None
Structure Porch

Building

Bathroom Total 2
Bedrooms Total 5
Appliances Water Meter
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1925
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding, Wood
Fire Protection Smoke Detectors
Foundation Type Unknown
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 1489
Utility Water Municipal Water

Land

Acreage No
Land Amenities Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 83 Ft
Size Frontage 36 Ft
Size Total Text Under 1/2 Acre
Zoning Description U1-60

https://www.realtor.ca/real-estate/23965177/8-spring-street-e-waterloo

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