151 University Ave E

Waterloo | | N2J 2W4
  • 0
  • 8
  • 0

$2,499,900

Est. Mtg $8,476 /mo
  • Days on market

    39

  • Status

    New

Listing Broker HOMELIFE LANDMARK REALTY INC.
Since listed: 0 views

Home details

MLS #:

X9398686

Property type:
Fourplex
Style:
Other
Taxes:
$12,165
Possession:
TBA
Lot Front:
64.0   Feet
Lot Depth:
159.0   Feet
Basement:
Apartment |
Driveway Pkg:
7
Heat:
Gas | Forced Air

Description


151 University Ave E, , Waterloo, Ontario is a Fourplex property in Waterloo and in the community in the N2J 2W4 postal code


A great investment opportunity for a student apartment building in the core strip of Waterloo. It is close to three universities: 2.2 km to the UW, 1.2 km to WLU, and 0.4 km to Conestoga College, with direct bus Route 202 to all schools. The lot measures 64.05 x 158.65 feet, zoned MU20, with potential for higher-level building in the near future.This fourplex student building includes 20(4X5) bedrooms, 8 (4X2) bathrooms, and 4 (4X1) kitchens. There is a separate laundry room with coin-operated machines. The property offers 7 parking spots, an AC and central heating system. All kitchens are newly renovated; the roof was replaced in 2017, and all equipment is in great working condition.Built in 2002 specifically for students, no renting license is required. It has been operated and maintained by the owner who has since moved to BC.The total gross income for the past three years has been over $200K annually (excluding parking and laundry income). For serious buyers, the lease list can be provided. The annual fixed costs are about $40,000 excluding mortgage interest. Its fully leased now with on-call maintenance staff and 24hrs emergency contact. Don't miss your chance to explore this investment property !.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2018-08 2018-09 $399,000 $395,000 Sld X4219710
2024-10 2024-10 $2,499,900 $2,499,900 New X9398686
2024-10 $2,499,900 $2,499,900 X9415788

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Waterloo :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 151 University Ave E

Based on available 3rd party data

$9625

Approximate costs per month

Mortgage
$8476 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$1013 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker HOMELIFE LANDMARK REALTY INC.
Data Source: TRREB

Payment calculator

$9490 monthly. In association with: TD Bank
%
  • Principal and Interest
    8476 /mo
  • Property Taxes
    $1013 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Palma Dametto, Realtor

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