For Sale

$559,900

401 - 8 HICKORY STREET W , Waterloo, Ontario N2L3H6

3 Beds 2 Baths

Remarks

$2850 Gross Monthly Income with tenants covering electricity costs. This exceptional, nearly 1400 sq ft, three-bedroom suite offers contemporary student living just steps from Wilfrid Laurier University (WLU) and a short walk to the University of Waterloo. Located in a stylish, well-maintained building that students love for its vibrant, trendy atmosphere. Key features of the building include: secure bike storage, a second-floor lounge, and a fitness room. Parents will appreciate the controlled entry system (accessible via tenants' smartphones) and security cameras throughout for peace of mind. The spacious suite is designed with modern touches, featuring granite countertops and contemporary laminate flooring throughout. With high ceilings and oversized bedrooms, this is the ultimate student living space. Enjoy an in-suite laundry and tenant-controlled climate for added convenience. The primary bedroom includes a walk-in closet and a luxurious ensuite for ultimate comfort. The suite also boasts an expansive, southern-facing balcony perfect for outdoor relaxation. This is an ideal opportunity for an investor seeking a turn-key student income property or a savvy parent who instead of paying The Landlord wants to Be the Landlord. The unit is re-leased until at least the end of August 2026. (id:7525)

Property Summary

  • Condo Fees: $721.38 Monthly
  • No. of Parking Spaces: 1
  • Floor Space (approx): 1400 - 1599 Square Feet
  • Bedrooms: 3
  • Bathrooms (Total): 2

Property Features:

  • Amenities Nearby:
    [] , Public Transit
  • Community Features:
    Pet Restrictions
  • Equipment Type:
    None
  • Features:
    Level lot , Balcony , Carpet Free , In suite Laundry
  • Maintenance Fee Type:
    Water , Insurance , Common Area Maintenance
  • Ownership Type:
    Condominium/Strata
  • Parking Type:
    Underground , Garage
  • Property Type:
    Single Family
  • Rental Equipment Type:
    None
  • View Type:
    City view

Building Features:

  • Appliances:
    Dishwasher , Dryer , Stove , Washer , Refrigerator
  • Building Type:
    Apartment
  • Cooling Type:
    Central air conditioning
  • Exterior Finish:
    Brick
  • Fire Protection:
    Smoke Detectors
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Forced air

Rooms

  • Master Bedroom:
    Level: Main 4.57 m x 2.92 m
  • 2nd Bedroom:
    Level: Main 6.07 m x 2.49 m
  • 3rd Bedroom:
    Level: Main 5.28 m x 3.00 m
  • Kitchen:
    Level: Main 4.70 m x 5.72 m
  • Bathroom:
    Level: Main 1.57 m x 2.87 m
  • Bathroom:
    Level: Main 1.78 m x 1.63 m
  • Living:
    Level: Main 5.82 m x 3.00 m
  • Dining:
    Level: Main 2.46 m x 3.00 m
  • Utility:
    Level: Main 1.80 m x 0.99 m
Lifestyle
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