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Ivan Gascho

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

Listed by Kevin Reitzel • Keller Williams Innovation Realty

$ 750,000

Est. payment -/mo

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Active

553 Teakwood Drive Waterloo, ON N2L 4L5

7 Beds

2 Baths

1,035 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,035 sqft

Price per Sqft $724

MLS Listing ID 40740879

Bedrooms 7

Abv Grd Liv Area 2,021

Year Built 1967

Annual Tax Amount $4,205

Property Sub-Type Duplex Up/Down

Source Waterloo Region

Property Description

7 bedroom licenced rental. Currently: Class A - 3 bedroom rental licence for the upper level & Class A - 4 bedroom rental licence for the lower level. This unique property stands out as a perfect choice for investors, particularly those who are parents of university students, offering a smart way to manage living arrangements while expanding your investment portfolio. —Highlights— • Design: A well-planned 3-bedroom bungalow complemented by a secondary 4-bedroom basement unit, featuring a separate side entrance for privacy and independence • Capacity: Boasting total 7 bedrooms in total, this property is well-equipped to accommodate a significant number of tenants • Amenities: 2 fully functional kitchens, spacious living areas, and separate laundry facilities cater to all the needs of student life • Location: Nestled in a quiet, safe residential neighbourhood, this property ensures a peaceful study environment • Accessibility: Just a 5-minute bus ride to the University of Waterloo, with the #9 bus stop right outside the front door. For those who prefer walking, the university is a comfortable sub-30-minute stroll away • Convenience: Grocery, drugstores, and restaurants are within a 2km radius; a breezy 18-minute bus ride. Conestoga Mall and transit links are 20 mins • Maintenance: The property is neat, tidy, and has been meticulously maintained, ensuring a hassle-free investment • Parking: A double-wide driveway provides ample space for up to 4 vehicles • Outdoors: A sizable yard, perfect for al-fresco study sessions, summer barbecues, and various lawn games • Additionally, a free-standing shed offers convenient bicycle storage. This property is not just a residence; it's a lifestyle choice for students seeking convenience, comfort, and a sense of community. As an investor, you're not just offering a place to stay; you're creating a home away from home for students, with the added benefit of a robust investment in one of Ontario's thriving educational hubs.

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning R1

Direction Corner of Glen Forrest Blvd and Teakwood Dr

Rooms

Other Rooms Shed(s)

Basement Separate Entrance, Full, Finished

Kitchen 0

Interior

Interior Features Other

Heating Forced Air, Natural Gas

Cooling None

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Asphalt, Gravel

Roof Type Asphalt Shing

Lot Frontage 82.18

Lot Depth 59.93

Garage No

Building

Lot Description Open Spaces, Park, Public Transit, Schools

Faces Corner of Glen Forrest Blvd and Teakwood Dr

Story 1

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick Veneer,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 222670180

Ownership Freehold/None

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Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

Ivan Gascho

553 Teakwood Drive Waterloo, ON N2L 4L5

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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553 Teakwood Drive