Sale
35 days on website
$2,400,000
Apartment
7 Elgin St
Waterloo, N2J 2P7
Waterloo, N2J 2P7
No obligation, free tour cancelation.
Beds · 9+9
Baths · 8
Sqft · 3500-5000
Description
$164,400 Gross Effective Annual Income Available Here! Invest in a Rare and Profitable Fourplex Near All of Waterloo's Post-secondary institutions. This is your chance to own a purpose-built, fourplex apartment building in a prime location. It's just steps away from Wilfrid Laurier University and Up...town Waterloo and a short walk to Conestoga College and University of Waterloo. You'll never have trouble finding tenants for these spacious and modern units. Each one features five bedrooms, two full bathrooms, and a large open concept kitchen-living room as well as in-suite laundry. Note handicap access, controlled entry and individual electrical and gas meters. Each unit has its own high efficiency furnace and air conditioner for optimal comfort. This is a quality-built, turn-key rental operation that is exempt from rental licensing. Don't miss this rare opportunity to invest in a market with very few purpose-built buildings available. **** Extras **** 20 bedroom, 4 unit, student apartment building. **INTERBOARD LISTING: WATERLOO ASSOCIATION OF REALTORS**
General
Type
Apartment
Style
3-Storey
Approximate Age
6-15
Square Footage
3500-5000 sqft
Taxes
$17,376.25 /yr
Maintenance Fee
-
Interior
Bedrooms
9
Bedrooms Plus
9
Total Bedrooms
18
Washrooms
8
Square Footage
3500-5000 sqft
Basement
Finished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
3
Fireplace Features
No
Exterior
Depth
122.97
Front
55.03
Acreage
< .50
Driveway
Other
Lot Size
55 x 122.97 ft
Pool
None
Parking Spaces
6
Total Parking Spaces
6.0
Parking Description
None
Garage Spaces
0.0
Zoning
U1-40
Building Description
Style
3-Storey
Home Type
Apartment
Subtype
Fourplex
Year Built
6-15
Property Orientation
South
Exterior
Vinyl Siding
Sewers
Sewers
Water Supply
Municipal
Possession Date
12/1/2023
Community
Area Code
40
Taxes & Fees
Taxes
$17,376.25 /yr
Tax Year
2023
Other
Virtual Tour Link
https://unbranded.youriguide.com/7_elgin_st_waterloo_on/
Est. mortgage
$9,958/mo
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Courtesy of:
Royal LePage Grand Valley Realty, Brokerage
Royal LePage Grand Valley Realty, Brokerage