Mal Kearns

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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

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Rooms

Level	Type	Dimensions
Bedroom 3	Basement	3.1 m x 3.38 m
Kitchen	Basement	3.43 m x 2.77 m
Recreational, Games room	Basement	3.73 m x 4.06 m
Bedroom	Basement	3.51 m x 3.12 m
Bedroom 2	Basement	3.05 m x 3.38 m
Kitchen	Main level	6.6 m x 4.78 m
Bedroom	Main level	2.74 m x 2.99 m
Bedroom 2	Main level	3.48 m x 3.02 m
Bedroom 3	Main level	2.95 m x 2.54 m
Bedroom 4	Main level	3.48 m x 3.43 m
Bedroom 5	Main level	3.43 m x 2.76 m

Details

Architectural Style: Bungalow
Amenities Nearby: Schools, Place of Worship, Park, Public Transit
Community Features: School Bus
Features: Carpet Free
Ownership: Freehold
Parking Spaces: 5
Transaction: For sale

Building

Architectural Style: Bungalow
BasementType: N/A (Finished)
Basement Development: Finished
Basement Features: Separate entrance
Bedrooms Main Level: 5
Bedrooms Lower Level: 3
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Amenities: Schools, Place of Worship, Park, Public Transit
Sewer: Sanitary sewer
Size Frontage: 50 ft
Size Irregular: 50 x 130 FT

Listing provided by FORTUNE HOMES REALTY INC.
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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 Mal Kearns to schedule a viewing or to discover other Waterloo properties for sale.

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