For Sale

$549,900

204 - 392 ALBERT STREET , Waterloo, Ontario N2L3V1

5 Beds 2 Baths

Remarks

Positive Cash Flow opportunity in the heart of Waterloo! This fully leased 5-bedroom, 2-bathroom condo unit at 392 Albert Street, Unit 204 offers a rare opportunity to own a high-performing rental property just minutes from the University of Waterloo and Wilfrid Laurier University. Currently rented, this property generates a strong annual income of $48,000.Inside, the unit features a modern kitchen complete with maple cabinetry, a double sink, and included appliances: fridge, stove, and dishwasher. The open-concept living and dining area is spacious and bright, enhanced by a Juliette balcony with west-facing exposure that brings in plenty of natural light.Each of the five bedrooms is generously sized and comes fully furnished with a bed, desk, and chest of drawers, making this a truly turnkey investment. The unit includes two full bathroomsone 3-piece and one 4-pieceoffering convenience for shared living.Additional highlights include durable vinyl plank flooring throughout (completely carpet-free), hydronic hot water heating, a sprinkler system, intercom access, and deadbolts on all bedroom doors for added safety and privacy.This low-maintenance condo is ideally suited for turn key income and offers excellent long-term rental potential in one of the perennially best rental markets in Canada. (id:7525)

Property Summary

  • Condo Fees: $840.74 Monthly
  • No. of Parking Spaces: 1
  • Floor Space (approx): 1400 - 1599 Square Feet
  • Bedrooms: 5
  • Bathrooms (Total): 2
  • Zoning: R9

Property Features:

  • Amenities Nearby:
    Public Transit , Schools
  • Community Features:
    Pet Restrictions
  • Equipment Type:
    None
  • Features:
    Sloping , Balcony , Carpet Free , Laundry- Coin operated
  • Maintenance Fee Type:
    Water , Insurance , []
  • Ownership Type:
    Condominium/Strata
  • Parking Type:
    Underground , Garage
  • Property Type:
    Single Family
  • Rental Equipment Type:
    None

Building Features:

  • Appliances:
    Dishwasher , Stove , Refrigerator
  • Building Type:
    Apartment
  • Cooling Type:
    Central air conditioning
  • Exterior Finish:
    Brick , Concrete
  • Foundation Type:
    Concrete

Rooms

  • Bathroom:
    Level: Main 1.78 m x 2.52 m
  • Bathroom:
    Level: Main 2.42 m x 1.64 m
  • 2nd Bedroom:
    Level: Main 2.52 m x 5.04 m
  • 3rd Bedroom:
    Level: Main 4.58 m x 2.53 m
  • 4th Bedroom:
    Level: Main 4.59 m x 2.51 m
  • Dining:
    Level: Main 3.92 m x 3.89 m
  • Living:
    Level: Main 3.93 m x 6.29 m
  • Kitchen:
    Level: Main 2.70 m x 3.17 m
  • Master Bedroom:
    Level: Main 4.57 m x 3.43 m
  • 5th Bedroom:
    Level: Main 4.59 m x 2.51 m
Lifestyle
Neighbourhood Info

Get More Info

Book a tour