For Sale

$1,600,000.00

317 SPRUCE Street, Waterloo, ON N2L 3M6

15 Beds

Remarks

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.

Inclusions:

MICROWAVE

Exclusions:

Tenants's Possessions

Property Summary

  • Lot Frontage: 55.09 Feet
  • Lot Depth: 125.00 Feet
  • No. of Parking Spaces: 3
  • Floor Space (approx): 2353.00 Square Feet
  • Built in: 1954
  • Bedrooms: 15
  • Zoning: NMU-12

Property Features:

  • Acres Range:
    < 0.5
  • Basement:
    Walk-Up
  • Basement Finish:
    Fully Finished
  • Basement Type:
    Full Basement
  • Construction Materials:
    Brick , Vinyl Siding
  • Features Area Influences:
    Ample Parking , Library , Place of Worship , Public Transit , Schools
  • Foundation Detail:
    Poured Concrete
  • Heating:
    Forced Air , Gas , Water
  • Interior Features:
    Separate Hydro Meters
  • Laundry Features:
    In-Suite
  • Parking Features:
    Asphalt
  • Roof:
    Asphalt Shing
  • Security Features:
    Carbon Monoxide Detector(s) , Smoke Detector(s)
  • Sewer:
    Sewer (Municipal)
  • Under Contract:
    Hot Water Heater
  • Water Source:
    Municipal
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