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$899,999
45 HIGH STREET
Waterloo, Ontario, N2L3X7
MLS® Number: X10427607
Property description
Fantastic Investment Opportunity Prime Location Near Wilfred Laurier University! This turnkey property is fully rented to a mix of students and working professionals, generating a strong and consistent rental income of $550 per room across 8 spacious bedrooms, totalling $52,800 annually. Located just 900 meters (a 10-minute walk) from Laurier University, and a short 15-minute bus ride to the University of Waterloo, this property offers exceptional rental demand in one of Ontario's top university towns. Significant recent updates include a fully renovated main floor bathroom (new shower, modern tile flooring, and toilet in 2023), as well as a beautifully refreshed basement bathroom with new modern tile flooring. The property also boasts brand-new plumbing throughout (2023) and a new AC/Heating system (2022) for year-round comfort. The detached garage, with a new roof (2022), offers additional storage or potential for extra income. Both units feature in-suite laundry, and the property is fully licensed with Class D2 (five bedrooms) and Class A3 (three bedrooms) rental licenses in place. This is an excellent, cash-flow-positive opportunity for investors looking to capitalize on the high demand for student and professional housing in this vibrant, high-traffic area. With the property fully rented and strong cash flow already in place, this is a rare chance to own a well-maintained, income-generating asset in a prime location. Investor worksheet available upon request. **** EXTRAS **** All existing light fixtures, all existing window coverings, all existing kitchen appliances (2 fridges, 2 stoves, Hood fans) All existing clothes washer and dryer.
Building information
Type
House
Architectural Style
Bungalow
Basement Development
Finished
Basement Features
Separate entrance
Basement Type
N/A (Finished)
Construction Style Attachment
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Utility Water
Municipal water
Land information
Amenities
Schools, Place of Worship, Park, Public Transit
Sewer
Sanitary sewer
Size Depth
130 ft
Size Frontage
50 ft
Size Irregular
50 x 130 FT
Size Total
50 x 130 FT|under 1/2 acre
Rooms
Main level
Bedroom 5
3.43 m x 2.76 m
Bedroom 4
3.48 m x 3.43 m
Bedroom 3
2.95 m x 2.54 m
Bedroom 2
3.48 m x 3.02 m
Bedroom
2.74 m x 2.99 m
Kitchen
6.6 m x 4.78 m
Basement
Bedroom 2
3.05 m x 3.38 m
Bedroom
3.51 m x 3.12 m
Recreational, Games room
3.73 m x 4.06 m
Kitchen
3.43 m x 2.77 m
Bedroom 3
3.1 m x 3.38 m
Courtesy of FORTUNE HOMES REALTY INC.
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