423 TAMARACK Drive , Waterloo ON N2L 4G9

Sale $749,000.00  | 
Listing # 40165048
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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


$43,200 Gross Annual Income Available here with tenants on multi-year lease. This building is City-approved operation that generates positive cash flow with 35% down. Legal money maker!This rental licensed property with a registered accessory apartment has a desirable four and three bedroom lay out. Main floor unit has a large eat in kitchen and spacious living. Building is carpet free - with thin plank hardwood throughout main, laminate through lower level and ceramics in kitchen and bathrooms. Good, clean tenants. Note extensive side deck with a large backyard that all tenants enjoy! Note walk up from basement.Location within walking distances to both universities, St. David's Highschool, shopping (including Beer Store) and groceries (new Farm Boy) and public transit (including bus route that goes directly to main entrance of WLU).This opportunity is ideal for: extended, multi-generational family, parent investor with kid going to school, or shrewd investor seeking positive cash flow in one of Ontario's perennial Top Ten Towns or even parent investor.Tough to beat! Let's set up a showing Today!
Exclusions:  Tenants' Possessions


Lot Frontage: 54.00 Feet
Lot Depth: 140.00 Feet
No. of Parking Spaces: 3
Floor Space (approx): 1073.00 Square Feet
Built in: 1964
Bedrooms: 7
Zoning: R1

Property Features:

Acres Range: < 0.5
Basement Finish: Fully Finished
Basement Type: Full Basement
Construction Materials: Brick , Wood
Features Area Influences: Public Transit , Schools , Shopping Nearby
Foundation Detail: Poured Concrete
Heating: Forced Air , Gas
Interior Features: In-Law Suite , Water Meter
Laundry Features: In Basement , Shared
Lease To Own Equipment: None
Roof: Asphalt Shing
Security Features: Smoke Detector(s)
Sewer: Sewer (Municipal)
Topography: Flat
Under Contract: HWT-Gas
Water Source: Municipal