8 Spring Street E Waterloo, Ontario N2J 2L8
$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
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 30 2022 05:24:58
Kitchener-Waterloo Association of REALTORS®
Royal LePage Grand Valley Realty
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