UPDATED:
Key Details
Property Type Condo
Sub Type Condo/Apt Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,158 sqft
Price per Sqft $444
MLS Listing ID 40822088
Style 1 Storey/Apt
Bedrooms 5
Full Baths 2
HOA Fees $721/mo
HOA Y/N Yes
Abv Grd Liv Area 1,158
Year Built 2009
Annual Tax Amount $3,809
Property Sub-Type Condo/Apt Unit
Source Cornerstone
Property Description
Just steps from Wilfrid Laurier University and the University of Waterloo, this location attracts reliable tenants year after year. The thoughtfully designed layout features approximately 1,158 sq ft of living space, including five generously sized bedrooms, two full bathrooms, and a large open-concept common area highlighted by an L-shaped kitchen and a bright living/dining room — perfect for gatherings, study sessions, or relaxing after class (recently updated with new furniture).
Condo fees include heat and water, keeping operating costs low. The building offers elevator access, a brand-new onsite laundry facility for added tenant convenience, central air conditioning, and proximity to public transit, shopping, restaurants, and all essential amenities. Street parking and additional building parking options are available.
Whether you're an experienced investor or looking for your first student rental property, this unit offers hands-off potential with proven gross rental income potentially exceeding $45,000 per year (based on current market rents in the building). Many similar units in the complex are fully tenanted with long-term leases, delivering stable cash flow in this ever-growing university hub.
Don't miss your chance to own a worry-free (excellent onsite management available), income-generating property in one of Waterloo's most sought-after student locations. Schedule your viewing today!
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning GR
Rooms
Main Level Bedrooms 5
Kitchen 1
Interior
Interior Features Separate Heating Controls
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Microwave, Refrigerator, Stove
Laundry In Building
Exterior
Roof Type Metal
Garage No
Building
Lot Description Urban, Highway Access, Library, Place of Worship, Schools, Shopping Nearby
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 1 Storey/Apt
Structure Type Stucco
New Construction No
Others
Senior Community No
Tax ID 236410094
Ownership Condominium
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION