5 beds · 2 baths · 2042 sqft
This property offers an outstanding investment opportunity in a highly desirable location in Waterloo. The licensed 9-bedroom rooming house sits on a generous 40x119 lot, with all rooms currently rented, generating a solid income of over $6000 per month. Excellent opportunity to continue renting or rebuild a home. Many multimillion-dollar homes are being constructed and sold in the neighborhood and on the street. The tenants are cooperative, pay on time, and are willing to stay or vacate as required. Additional income is generated from parking and laundry services. The property's close proximity to the universities and convenient access to public transit, combined with its peaceful location, make it an ideal choice for students. The property is consistently in high demand among renters and has been recently painted. (id:39198)
Building Type House, Detached
Year built
Square Footage 2042 sqft
Stories 1.5
Bedrooms 5
Bathrooms 2
Parking 4
Neighbourhood417 - Beechwood/University
Land size under 1/2 acre
Heating type Forced air
Basement typeFull (Finished)
Parking Type
Time on REALTOR.ca93 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: IPRO REALTY LTD
Home price
$789,999
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$7,186 / month
Rent $6,355
Savings $831
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$6,333 / month
Rent $6,160
Savings $173
Initial deposit 5%
Savings target Fixed at 5%