60 MARSHALL Street , Waterloo ON N2J 2T4

Sale $2,100,000.00  | 
Listing # 40012093
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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)

Brokerage

15C - 370 HIGHLAND ROAD WEST
Kitchener,  ON N2M5J9

Remarks:

$126,000+ Scheduled Gross Income Available Here! This apartment building features spacious units with oversized bedrooms, massive common areas. Two bathrooms per unit. Very clean. Individual meters for water, electricity and gas. Front Roof done in 2015. Back roof done in 2004. In floor heating in the lower levels of Units A and D.Great central location with close proximity to Uptown and walking distance to both Universities. RMU-20 zoning may allow for further, future re-development. Original building expanded and significantly renovated in 2004. Rental-licensed exempt building! Written leases in place to end of April, 2021. Positive cash flow with just 20 percent down. Investor work sheet with full financials applied to contemporary financing available! Optimize the building’s financial statement to unlock tremendous, additional value: increase rents significantly on re-rental while offloading utility costs to new tenants.
Inclusions:  CARBONMONOX,FREEZER,SMOKEDETECTOR
Exclusions:  Tenants's Possessions

House

Lot Frontage: 58.01 Feet
Lot Depth: 145.99 Feet
No. of Parking Spaces: 5
Built in: 1959
Zoning: RMU-20

Property Features:

Accessibility Features: Exterior Lift
Acres Range: < 0.5
Basement: Full , Fully Finished
Construction Materials: Brick
Features Area Influences: Downtown , Schools
Foundation Detail: Poured Concrete
Heating: Forced Air , Gas
Interior Features: Separate Hydro Meters
Laundry Features: Coin Operated
Parking Features: Asphalt , Private Single Wide , Outside/Surface/Open
Roof: Asphalt Shing
Security Features: Carbon Monoxide Detector(s) , Smoke Detector(s)
Sewer: Sewer (Municipal)
Under Contract: Hot Water Heater
Water Source: Municipal