Homes for sale - 45 High Street, Waterloo, ON N2L 3X7

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Ivan Gascho

[email protected] +1(519) 573-7440

Listed by Lakhwinder Luthera • Fortune Homes Realty Inc., Brokerage

$ 899,999

Est. payment -/mo

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45 High Street Waterloo, ON N2L 3X7

8 Beds

2 Baths

1,061 SqFt

UPDATED:

11/20/2024 12:39 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,061 sqft

Price per Sqft $848

MLS Listing ID 40677374

Style Bungalow

Bedrooms 8

Full Baths 2

Abv Grd Liv Area 1,061

Originating Board Barrie

Annual Tax Amount $6,515

Property Description

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.

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning R1

Direction High Street and Hazel Street - 15 minute walk to both University of Waterloo and Wilfrid Laurier University

Rooms

Basement Walk-Up Access, Full, Finished

Kitchen 2

Interior

Interior Features Accessory Apartment, In-Law Floorplan

Heating Forced Air, Natural Gas

Cooling None

Fireplace No

Appliance Dryer, Refrigerator, Stove

Laundry In-Suite

Exterior

Garage Detached Garage, Asphalt

Garage Spaces 1.0

Waterfront No

Roof Type Asphalt Shing

Lot Frontage 50.0

Lot Depth 130.0

Garage Yes

Building

Lot Description Urban, Rectangular, Public Transit, Schools

Faces High Street and Hazel Street - 15 minute walk to both University of Waterloo and Wilfrid Laurier University

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Bungalow

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 222770041

Ownership Freehold/None

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

Ivan Gascho

45 High Street Waterloo, ON N2L 3X7

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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45 High Street