For Sale

$3,700,000

195 Erb Street West, Waterloo, ON N2L 1V6

30 Beds

Remarks

Nearly $240,000 Effective Gross Income Available Here! This sixplex apartment building features spacious units with oversized bedrooms, and massive common areas. Two full bathrooms per unit with in-suite laundry. This opportunity is owner built and owner managed - and it shows. Very clean, professional, organized, turn key operation. Individual meters for electricity and gas. Ample parking with most of the spots covered. Great central location with close proximity to University of Waterloo, Uptown Waterloo, Waterloo Park and TNT Grocery Store. Rental-licensed exempt building!Investor work sheet with full financials applied to contemporary financing available! Solid investment opportunity in one of the Perennially Best Towns in Ontario to Invest In!

Inclusions:

Built-in Microwave

Exclusions:

Tenants' Possessions

Property Summary

  • Lot Frontage: 65.09 Feet
  • Lot Depth: 121.2 Feet
  • No. of Parking Spaces: 8
  • Floor Space (approx): 9759 Square Feet
  • Built in: 2010
  • Bedrooms: 30
  • Zoning: RMU-20

Property Features:

  • Basement:
    Full , Finished
  • Cooling:
    Central Air
  • Heating:
    Forced Air , Natural Gas
  • Interior Features:
    High Speed Internet , Separate Heating Controls , Separate Hydro Meters
  • Acres Range:
    < 0.5
  • Driveway Parking:
    Covered Parking
  • Laundry Features:
    In-Suite
  • Lot Features:
    Urban , Rectangular , City Lot , High Traffic Area , Park , Public Transit , Schools , Shopping Nearby
  • Roof:
    Asphalt Shing
  • Security Features:
    Alarm System
  • Sewer:
    Sewer (Municipal)
  • Utilities:
    Cable Connected , Cell Service , Electricity Connected , Garbage/Sanitary Collection , Natural Gas Connected , Street Lights
  • Water Source:
    Municipal
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