$ 899,999
45 High ST Waterloo, ON N2L 3X7
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$ 899,999
Est. payment | /mo
5 Beds
2 Baths
$ 899,999
Est. payment | /mo
5 Beds
2 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
MLS Listing ID X10427607
Style Bungalow
Bedrooms 5
Annual Tax Amount $6,515
Tax Year 2023
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.
Location
Province ON
County Waterloo
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 2
Separate Den/Office 3
Interior
Interior Features Carpet Free, Primary Bedroom - Main Floor
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 4.0
Pool None
Waterfront No
Waterfront Description None
Roof Type Asphalt Shingle
Total Parking Spaces 5
Building
Unit Features School,School Bus Route,Place Of Worship,Park,Public Transit,Library
Foundation Poured Concrete
Listed by FORTUNE HOMES REALTY INC.