$879,900

75 Albert Street

Waterloo ON, N2L 3S4

Description

$72,000 Annualized Gross Income with Opportunity for More! Perennially rented! Rental licensed, City-approved opportunity in desirable MacGregor Albert Heritage Conservation District! 3600+ SF. Building format has two 5 bedroom units. Spacious units with over sized bedrooms/common areas in a classical, mini-mansion setting that tenants desire! Note separate electrical meters. Punch code, keyless entry to units. Detached garage. Large common areas. Multiple bathrooms per unit. Rental rates can be increased significantly on re-rental while operating costs can be off-loaded to tenants for even bigger net income. Almost across the street from Waterloo Park with an easy walk to Uptown, LRT and both universities. Ideal opportunity for: buyer looking to owner occupy while seeking mortgage helper income or for value investor seeking to add residential income to a diversified investment portfolio. Investor work sheet available to show how this cash flow positive opportunity (with just 20% down) can work for you!

Details

MLS#30781566
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1906
Days On Site13

Features

SQ Feet3,611
Units2
Building(s)1
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Area Information
ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2L 3S4
Area1 - Waterloo East
Listing VS Median (in N2L 3S4)
Price:
$879,900
low | high
Med:
$879,900
50% of Average
SqFt:
3,611
low | high
Med:
3,611
50% of Average
$ / SqFt:
$244
low | high
Med:
$244
50% of Average
On Site:
13
low | high
Med:
13
100% of Average
Listing Updated: 09/28/2020
MIKE MILOVICK LogoMLS Number: 30781566
Listing Provided By:
MIKE MILOVICK  of  ROYAL LEPAGE GRAND VALLEY REALTY
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