Homes for sale - 45 HIGH STREET, Waterloo, ON N2L3X7

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James Heenan

therealjamesheenan@gmail.com +1(587) 700-2208

$ 899,999

Est. payment | -/mo

8 Beds

2 Baths

Save

$ 899,999

Est. payment | -/mo

Save

8 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

MLS® Listing ID X10427607

Style Bungalow

Bedrooms 8

Originating Board Toronto Regional Real Estate Board

Property Description

Fantastic Investment Opportunity Prime Location Near Wilfred Laurier University! This turnkey property is fully rented to a mix of students and working professionals, generating a strong and consistent rental income of $550 per room across 8 spacious bedrooms, totalling $52,800 annually. Located just 900 meters (a 10-minute walk) from Laurier University, and a short 15-minute bus ride to the University of Waterloo, this property offers exceptional rental demand in one of Ontario's top university towns. Significant recent updates include a fully renovated main floor bathroom (new shower, modern tile flooring, and toilet in 2023), as well as a beautifully refreshed basement bathroom with new modern tile flooring. The property also boasts brand-new plumbing throughout (2023) and a new AC/Heating system (2022) for year-round comfort. The detached garage, with a new roof (2022), offers additional storage or potential for extra income. Both units feature in-suite laundry, and the property is fully licensed with Class D2 (five bedrooms) and Class A3 (three bedrooms) rental licenses in place. This is an excellent, cash-flow-positive opportunity for investors looking to capitalize on the high demand for student and professional housing in this vibrant, high-traffic area. With the property fully rented and strong cash flow already in place, this is a rare chance to own a well-maintained, income-generating asset in a prime location. Investor worksheet available upon request. **** EXTRAS **** All existing light fixtures, all existing window coverings, all existing kitchen appliances (2 fridges, 2 stoves, Hood fans) All existing clothes washer and dryer. (id:24570)

Location

Province ON

Rooms

Extra Room 1 Basement 3.1 m X 3.38 m Bedroom 3

Extra Room 2 Basement 3.43 m X 2.77 m Kitchen

Extra Room 3 Basement 3.73 m X 4.06 m Recreational, Games room

Extra Room 4 Basement 3.51 m X 3.12 m Bedroom

Extra Room 5 Basement 3.05 m X 3.38 m Bedroom 2

Extra Room 6 Main level 6.6 m X 4.78 m Kitchen

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

Community Features School Bus

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Ownership Freehold

Listed by FORTUNE HOMES REALTY INC.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(587) 700-2208

therealjamesheenan@gmail.com

510 6 Ave SE ,, Calgary, ALBERTA, None, T2G 1L7, USA

45 HIGH STREET Waterloo, ON N2L3X7