MLS®: 30713005 Status: For sale

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$2,400,000
Location:

158 Erb Street E, Waterloo Ontario, N2J1M4

158 Erb Street E, Waterloo Ontario
Description:
Student Rental Investment Opportunity for the Savvy and Experienced Investor who recognizes potential, and can embrace small challenges and take this property to the next level. 12 Apartments x 3 Rooms ea = 36 ROOMS in total to collect rent!! One apartment is currently vacant and having a 'makeover' to showcase the potential of what each of these apartments can become over time. Once complete, higher rent rate will be warranted and the new landlord can name their price. The location is ideal for students attending Wilfred Laurier and University of Waterloo. There is never a shortage of students looking for accommodation. Also conveniently located to many student necessities, Wal-Mart, Sobey's, Shoppers Drug Mart, LCBO, Restaurants, and Coffee shops. However, just don't limit yourself to just STUDENTS, with 12 - 3 bedroom apartments - open up your tenant profile to small families and/or young professionals. Check it out and THINK BIG.....look into the future and see the potential. (id:2471)
Property:
Type: Multi-family
Acreage: under 1/2 acre
Sewer: Municipal sewage systemWater: Municipal water
Parking Type: No Garage, Shared
Structure:
Style: ApartmentSquare Footage: 11000 sqft
Heating: Radiant heat
Heating Type: Natural gas
Cooling Type: None
Exterior: Brick
Foundation Type: Poured Concrete
Features:
Paved driveway Shared Driveway   
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158 Erb Street E, Waterloo Ontario

Grand West Realty Inc., Brokerage


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Listing Office: RE/MAX TWIN CITY REALTY INC., BROKERAGE

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