For Sale

$479,900

121 University Avenue East, 9, Waterloo, ON N2J 4J1

5 Beds

Remarks

$46,200 Annual Gross Income Available Here! This well-updated, modernized, spacious (1500+ SF), rental licensed, City-approved money maker beckons for your immediate attention! This solid construction five bedroom townhome is located in Waterloo's prime rental areas comes to you fully rented! Updates abound: modernized, white gloss IKEA kitchen cabinets mated to butcher block countertop with subway tile, oversized tile flooring on main floor, mostly newer plumbing fixtures - sinks and toilets - throughout. Furnace (2023). Freshly painted in a contemporary, neutral palette. Updated main bath. Finished rec room with vinyl plank flooring, pot lighting and tongue and groove wood ceiling. Massive primary bedroom with ensuite and walk in closet. Underground parking spot. Note that the townhome is solid, cement (not frame) construction - the same construction as university residences. Condo fees of $756.42 per month include water, insurance, landscaping/snow removal, private garbage removal, parking as well as exterior maintenance. Turn key, worry-free condo living. Located almost across the street from Conestoga College, a 5 minute bike ride on trail system to Uptown Waterloo and its amenities, a couple blocks from WLU, and a quick scooter ride to Waterloo Park and University of Waterloo, this is an ideal opportunity for investor looking for foothold into lucrative Waterloo student housing market or parent looking for a home away from home for their university bound child. Investor work sheet available to show how this property can work for you! Flexible possession available. There is a lot to love here.

Inclusions:

Smoke Detector,Two Fridges, One Stove, One Washer, One Dryer

Exclusions:

Tenants' Possessions

Property Summary

  • No. of Parking Spaces: 1
  • Floor Space (approx): 1502 Square Feet
  • Built in: 1974
  • Bedrooms: 5
  • Zoning: RMU-20

Property Features:

  • Basement:
    Full , Partially Finished
  • Construction Materials:
    Brick Veneer , Vinyl Siding
  • Cooling:
    Central Air
  • Heating:
    Forced Air , Natural Gas
  • Interior Features:
    Separate Hydro Meters
  • Acres Range:
    Not Applicable
  • Driveway Parking:
    Covered Parking , Visitor Parking
  • Laundry Features:
    In-Suite
  • Lot Features:
    City Lot , Greenbelt , Public Transit , Schools , Shopping Nearby
  • Parking Features:
    Exclusive , Guest
  • Road Frontage Type:
    Municipal Road , Private Road , Year Round Road
  • Roof:
    Asphalt Shing
  • Security Features:
    Smoke Detector
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal
Lifestyle
Neighbourhood Info
Agent

Mike Milovick

Broker

Phone: 519.747.2040

Agent

Jennifer Shingler

Sales Representative

Phone: 519.747.2040

Home Fax: 519.747.2081

Get More Info