45 High Street
Waterloo, ON
MLS® 40677374
For sale $899,999
Bedrooms
8Bathrooms
1Interior Size
1061 ft2 Fantastic Investment Opportunity Prime Location Near Wilfrid 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, totaling $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.
Property Details
Listing Contract Date
2024-11-13
2024-11-13
Parking Total
5
5
Property Type
Residential
Residential
Rental Equipment Type
Hot Water Heater
Hot Water Heater
Community Features
Urban
Rectangular
Public Transit
Schools
Building
Appliances
Dryer
Refrigerator
Stove
Dryer
Refrigerator
Stove
Architectural Style
Bungalow
Bungalow
Basement Type
Walk-Up Access
Full
Finished
Walk-Up Access
Full
Finished
Bathrooms
1
1
Bedrooms
8
8
Building Type
Single Family Residence
Single Family Residence
Construction Materials
Brick
Brick
Security Features
Smoke Detector(s)
Smoke Detector(s)
Heating
Forced Air
Natural Gas
Forced Air
Natural Gas
Roof
Asphalt Shing
Asphalt Shing
Sewer
Sewer (Municipal)
Sewer (Municipal)
Interior Size
1061 Square Feet
1061 Square Feet
Water Source
Municipal
Municipal
Building Amenities
Accessory Apartment
In-Law Floorplan
Land
Lot Depth
130 ft
130 ft
Lot Front
50.00 ft
50.00 ft
Acres
< 0.5 Acres
< 0.5 Acres
Zoning
R1
R1
HoodQ
Rooms
Metric
Imperial
Level | Type | Length | Width | Dimensions |
---|---|---|---|---|
Basement Bedroom | Bedroom | 3.38 m | 3.05 m | 3.38 m x 3.05 m |
Basement Recreation Room | Recreation Room | 4.06 m | 3.73 m | 4.06 m x 3.73 m |
Basement Kitchen | Kitchen | 3.56 m | 3.51 m | 3.56 m x 3.51 m |
Basement Bedroom | Bedroom | 3.12 m | 3.48 m | 3.12 m x 3.48 m |
Basement Bedroom | Bedroom | 3.38 m | 3.10 m | 3.38 m x 3.10 m |
Basement Bathroom | Bathroom | 2.44 m | 1.88 m | 2.44 m x 1.88 m |
Main Bedroom | Bedroom | 3.02 m | 3.48 m | 3.02 m x 3.48 m |
Main Kitchen/Living Room | Kitchen/Living Room | 4.72 m | 6.60 m | 4.72 m x 6.60 m |
Main Bedroom Primary | Bedroom Primary | 3.43 m | 3.48 m | 3.43 m x 3.48 m |
Main Bedroom | Bedroom | 2.77 m | 3.43 m | 2.77 m x 3.43 m |
Main Bedroom | Bedroom | 2.54 m | 2.95 m | 2.54 m x 2.95 m |
Main Bedroom | Bedroom | 3.00 m | 2.74 m | 3.00 m x 2.74 m |
Main Bathroom | Bathroom | 2.95 m | 1.96 m | 2.95 m x 1.96 m |
Lakhwinder Luthera
Salesperson
Fortune Homes Realty Inc., Brokerage
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Last Updated: 2024-11-19 05:43:38