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317 Spruce Street Waterloo, Ontario N2L 3M6

15 Bedroom 2353
None Boiler, Forced Air

$1,600,000

Over $98,400+ Annualized Gross Income Available Here! Cash Flow Machine! This meticulously maintained, owner-managed, triplex features a 2097 square foot purpose-built addition with generously sized bedrooms and common space. Located about a five minute walk to WLU and a fifteen minute walk to UW, this is a turn key, rental licensed, city approved opportunity. Three 5 bedroom units. This building comes to you fully rented. A lot of arrows up here: note three electricity meters, three gas meters, moisture sensing fans in all bathrooms, life safety systems annually inspected, and in suite laundry. This building comes complete with good, clean tenants. Some furnishings are seller provided. Located in investor-desirable Northdale, this opportunity should provide better than average yield - today - and in years to come! With both universities fully open for January, this makes for a tremendous re-opening investment! Let me make your financial analysis of this opportunity easy! Investor work sheet available to show how this positive cash flow property can work for you! Let me e-mail it to you. (id:45690)

Property Details

MLS® Number 40167872
Property Type Multi-family
Amenities Near By Place Of Worship, Public Transit, Schools
Equipment Type Water Heater
Features Paved Driveway
Parking Space Total 3
Rental Equipment Type Water Heater

Building

Bedrooms Total 15
Appliances Microwave
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1954
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Boiler, Forced Air
Stories Total 2
Size Interior 2353
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Place Of Worship, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 125 Ft
Size Frontage 55 Ft
Size Total Text Under 1/2 Acre
Zoning Description Nmu-12

https://www.realtor.ca/real-estate/23844073/317-spruce-street-waterloo

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Mike Milovick
Broker

(519) 745-7000
(519) 745-8460
www.teammilovick.com

Royal LePage Grand Valley Realty
15c - 370 Highland Rd.w.
Kitchener, Ontario N2M 5J9

(519) 745-7000
(519) 745-8460
www.rlpgvr.com

Jennifer Shingler
Salesperson

(519) 745-7000
(519) 745-8460
www.teammilovick.com

Royal LePage Grand Valley Realty
15c - 370 Highland Rd.w.
Kitchener, Ontario N2M 5J9

(519) 745-7000
(519) 745-8460
www.rlpgvr.com

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