317 SPRUCE Street , Waterloo ON N2L 3M6

Sale $1,600,000.00  | 
Listing # 40167872
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Mike Milovick

Team Milovick

Phone:  519.745.7000
Fax:  519.745.8460

Royal LePage Grand Valley Realty, Brokerage (Independently owned and operated)


Kitchener,  ON N2M5J9


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


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