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Listed by Mike Milovick • Royal LePage Wolle Realty

$459,900

Est. payment - /mo

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5 Beds

3 Baths

1,502 SqFt

Price Dropped by $20K

121 University Avenue E #9 Waterloo, ON N2J 4J1

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Mico Radulovic

[email protected] +1(519) 722-3434

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Key Details

Property Type Single Family Home

Sub Type Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 1,502 sqft

Price per Sqft $306

MLS Listing ID 40738964

Bedrooms 5

Abv Grd Liv Area 1,502

Year Built 1974

Annual Tax Amount $3,304

Property Sub-Type Rooming House

Source Cornerstone

Property Description

$46,200 Annual Gross Income Available Here! This well-updated, modernized, spacious (1500+ SF), rental licensed, City-approved money maker beckons for your immediate attention! This solid construction five bedroom townhome is located in Waterloo's prime rental areas comes to you fully rented! Updates abound: modernized, white gloss IKEA kitchen cabinets mated to butcher block countertop with subway tile, oversized tile flooring on main floor, mostly newer plumbing fixtures - sinks and toilets - throughout. Furnace (2023). Freshly painted in a contemporary, neutral palette. Updated main bath. Finished rec room with vinyl plank flooring, pot lighting and tongue and groove wood ceiling. Massive primary bedroom with ensuite and walk in closet. Underground parking spot. Note that the townhome is solid, cement (not frame) construction - the same construction as university residences. Condo fees of $756.42 per month include water, insurance, landscaping/snow removal, private garbage removal, parking as well as exterior maintenance. Turn key, worry-free condo living. Located almost across the street from Conestoga College, a 5 minute bike ride on trail system to Uptown Waterloo and its amenities, a couple blocks from WLU, and a quick scooter ride to Waterloo Park and University of Waterloo, this is an ideal opportunity for investor looking for foothold into lucrative Waterloo student housing market or parent looking for a home away from home for their university bound child. Investor work sheet available to show how this property can work for you! Flexible possession available. There is a lot to love here.

Location

Province ON

County Waterloo

Area 1 - Waterloo East

Zoning RMU-20

Direction Enter Village on the Green from University Avenue East. Drive into the complex. Unit 9 is located in the second group of town homes on your left hand side. There is visitor parking in the development.

Rooms

Basement Full, Partially Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Exclusive, Guest

Garage Spaces 1.0

Roof Type Asphalt Shing

Porch Patio

Garage No

Building

Lot Description City Lot, Greenbelt, Public Transit, Schools, Shopping Nearby

Faces Enter Village on the Green from University Avenue East. Drive into the complex. Unit 9 is located in the second group of town homes on your left hand side. There is visitor parking in the development.

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick Veneer,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 230230009

Ownership Condominium

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Mico Radulovic

Real Estate Broker

+1(519) 722-3434

121 University Avenue E #9 Waterloo, ON N2J 4J1

Mico Radulovic

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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121 University Avenue E #9