45 HIGH STREET, Waterloo, Ontario
$899,999
- 8 Beds
- 2 Baths
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. (id:23309)
- Listing ID: X10427607
- Property Type: Single Family
Schedule a Tour
Schedule Private Tour
Tom Linkletter would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Tom Linkletter, who specializes in Waterloo real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Tom Linkletter find a property to match your lifestyle.
Listing provided by FORTUNE HOMES REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 45 HIGH STREET in Waterloo Ontario. It was last modified on November 16th, 2024. Contact Tom Linkletter to schedule a viewing or to discover other Waterloo properties for sale.