For Sale

$879,900.00

75 ALBERT Street, Waterloo, ON N2L 3S4

Remarks

$72,000 Annualized Gross Income with Opportunity for More! Perennially rented! Rental licensed, City-approved opportunity in desirable MacGregor Albert Heritage Conservation District! 3600+ SF.Building format has two 5 bedroom units. Spacious units with over sized bedrooms/common areas in a classical, mini-mansion setting that tenants desire!Note separate electrical meters. Punch code, keyless entry to units. Detached garage. Large common areas. Multiple bathrooms per unit.Rental rates can be increased significantly on re-rental while operating costs can be off-loaded to tenants for even bigger net income. Almost across the street from Waterloo Park with an easy walk to Uptown, LRT and both universities. Ideal opportunity for: buyer looking to owner occupy while seeking mortgage helper income or for value investor seeking to add residential income to a diversified investment portfolio. Investor work sheet available to show how this cash flow positive opportunity (with just 20% down) can work for you!

Inclusions:

SMOKEDETECTOR

Exclusions:

Tenants' Possessions

Property Summary

  • Lot Frontage: 76.12 Feet
  • Lot Depth: 76.26 Feet
  • No. of Parking Spaces: 3
  • Floor Space (approx): 3611.00 Square Feet
  • Built in: 1906
  • Zoning: RC 1

Property Features:

  • Acres Range:
    < 0.5
  • Architectural Style:
    2.5 Storey
  • Basement:
    Full , Unfinished
  • Construction Materials:
    Brick
  • Features Area Influences:
    Arts Centre , Lake/Pond , Library , Park , Place of Worship , Public Transit , Rec./Community Centre , Schools
  • Foundation Detail:
    Stone
  • Heating:
    Gas , Water Radiators
  • Interior Features:
    Separate Hydro Meters
  • Laundry Features:
    In-Suite
  • Lease To Own Equipment:
    None
  • Levels:
    Two and One Half
  • Other Structures:
    Fence - Partial
  • Parking Features:
    Detached Garage , Asphalt , Private Double Wide
  • Roof:
    Asphalt Shing
  • Security Features:
    Smoke Detector(s)
  • Sewer:
    Sewer (Municipal)
  • Type:
    Detached
  • Under Contract:
    Hot Water Heater
  • Water Source:
    Municipal

Get More Info

Book a tour