For Sale

$4,800,000

172 Regina Street North, Waterloo, ON N2J 3B3

40 Beds

Remarks

$318,900+ Effective Gross Annual Income Available Here!Modern, Purpose Built Eightplex steps to WLU’s Science Building and Athletic Building! Throw a football and hit campus from here! Prime Prime Prime Location. Written leases. Exceptionally well-maintained, owner-managed rental operation. Separate electric and gas meters. Two full bathrooms per unit. In-suite laundry. Large common areas. All tenants on written lease. This is a Cash flow positive opportunity based on contemporary financing. Nothing to do here but collect good rents – with a further opportunity to increase income even more on re-rental! This is ideal for the veteran rental housing service provider that takes great comfort in operating buildings that are in extreme proximity to campus. Owned/enjoyed by same investment group for last seven years. Now its your turn!Let's set up a private showing - today!

Inclusions:

None

Exclusions:

Tenants' Possessions

Property Summary

  • Lot Frontage: 55.23 Feet
  • Lot Depth: 137.04 Feet
  • No. of Parking Spaces: 8
  • Floor Space (approx): 8932 Square Feet
  • Built in: 2008
  • Bedrooms: 40
  • Zoning: RMU-40

Property Features:

  • Basement:
    Walk-Out Access , Full , Partially Finished
  • Cooling:
    Central Air
  • Exterior Features:
    Controlled Entry , Separate Hydro Meters , Year Round Living
  • Heating:
    Forced Air , Natural Gas
  • Acres Range:
    < 0.5
  • Driveway Parking:
    Carport Parking , Covered Parking , Private Drive Single Wide
  • Water Treatment:
    []
  • Laundry Features:
    In-Suite
  • Lot Features:
    Irregular Lot , City Lot , Library , Place of Worship , Public Transit , Schools
  • Parking Features:
    Asphalt , Assigned
  • Road Frontage Type:
    Year Round Road
  • Roof:
    Asphalt Shing
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal
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