45 HIGH STREET Active Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L3X7
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS Listing ID X10427607
Style Bungalow
Bedrooms 8
Originating Board Toronto Regional Real Estate Board
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. (id:24570)
Location
Province ON
Rooms
Extra Room 1 Basement 3.1 m X 3.38 m Bedroom 3
Extra Room 2 Basement 3.43 m X 2.77 m Kitchen
Extra Room 3 Basement 3.73 m X 4.06 m Recreational, Games room
Extra Room 4 Basement 3.51 m X 3.12 m Bedroom
Extra Room 5 Basement 3.05 m X 3.38 m Bedroom 2
Extra Room 6 Main level 6.6 m X 4.78 m Kitchen
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Garage Yes
Community Features School Bus
Waterfront No
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold