Rare chance to own a contemporary, purpose-designed eight-unit building in one of the most sought-after student rental pockets in the city. Wilfrid Laurier's campus sits practically at your doorstep — the Science and Athletic facilities are a short stroll away, making this an easy walk for every tenant. Location like this simply doesn't come available often. Every suite is thoughtfully appointed with its own hydro and gas metering, two full bathrooms, and the added convenience of laundry right in the unit. Spacious shared areas round out the layout. The property has been carefully looked after under hands-on ownership, and each resident is secured on a signed lease agreement. The numbers work: this asset produces positive cash flow at today's lending rates, delivering dependable returns from day one. There's room to grow revenue further as units turn over, offering built-in upside for the incoming owner. It's a natural fit for an experienced operator who appreciates the reliability of housing situated within arm's reach of a major university. (id:4069)
Address
172 REGINA Street N
List Price
$4,990,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Floor Area
8,930 Sq. Ft.
Frontage Length
55 ft
MLS® Number
40851244
Listing Brokerage
RE/MAX Real Estate Centre Inc.
Basement Area
Full (Partially finished)
Postal Code
N2J3B3
Zoning
RMU-40
Ownership
Freehold
Parking Places (Total)
8
Site Influences
Public Transit, Schools
Appliances
Water softener
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
Number Of Floors In Building
4
Water Source
Municipal water
Sewer
Municipal sewage system
