60 Marshall Street Waterloo, Ontario N2J 2T4
$1,999,000
$153,000+ Gross Income Available Here! This apartment building features spacious units with oversized bedrooms, massive common areas. Two bathrooms per unit. Very clean. Individual meters for water, electricity and gas. Front Roof done in 2015. Back roof done in 2020. Driveway repaved in 2020. Unit B and Unit C freshly painted. In floor heating in the lower levels of Units A and D. Great central location with close proximity to Uptown and walking distance to both Universities. RMU-20 zoning may allow for further, future re-development. Original building expanded and significantly renovated in 2004. Rental-licensed exempt building! Fully occupied with written leases in place to at least end of April, 2023. Rare, positive cash flow with 35 percent down. Investor work sheet with full financials applied to contemporary financing available! Further optimize the buildings bottom line by: offloading utility costs to new tenants on re-rental and charging for parking. Solid investment opportunity in one of the Perennially Best Towns in Ontario to Invest In! (id:40227)
Property Details
| MLS® Number | 40268915 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship, Schools |
| Equipment Type | Water Heater |
| Features | Paved Driveway, Laundry- Coin Operated |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 8 |
| Bedrooms Total | 20 |
| Appliances | Freezer, Water Meter |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1959 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 4606 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Place Of Worship, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 146 Ft |
| Size Frontage | 58 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rmu-20 |
https://www.realtor.ca/real-estate/24473510/60-marshall-street-waterloo
Interested?
Contact us for more information
Mike Milovick
Broker
(519) 745-8460
www.teammilovick.com
15c - 370 Highland Rd.w.
Kitchener, Ontario N2M 5J9
(519) 745-7000
(519) 745-8460
www.rlpgvr.com
Jennifer Shingler
Salesperson
(519) 745-8460
www.teammilovick.com
15c - 370 Highland Rd.w.
Kitchener, Ontario N2M 5J9
(519) 745-7000
(519) 745-8460
www.rlpgvr.com
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
August 04 2022 07:51:48
Kitchener-Waterloo Association of REALTORS®
Royal LePage Grand Valley Realty