Estimated Cash Flow
$-262.00/ month
Asking Price
$260,000.00
Potential Rent
$1,590.00/ month
  • Property Details
  • Calculator
  • Inquire

AK484352 Kitchener/Waterloo
21-12 Bridgeport Rd E, Waterloo

$19,000+ Potential Gross Income Available Here! This suite was created in 2002 using an industrial era (1900's) building shell. Beam and Brick construction - uber cool factor with authentic loft feel. Character abounds! The unit features three generously, oversized bedrooms. New laminate flooring Clean tenants. Shows AAA. This suite is an upper concourse, corner unit - no lower level bedrooms. Complex amenities are geared to premium student living: bike room, games room and laundry cater to the occupants. Turn key, rental licensed operation with Class Z3 Premium license. City rental approvals have been met. Money in place, with written leases, until end of April, 2018. All three tenants pay $530 with the landlord paying gas and electricity. Landlord charges an additional $30 a month for parking. Condo fees of $343.21 a month include garbage removal, exterior maintenance, capital insurance, water and snow removal. Investor work sheet available which has full financials - combined with contemporary financing - to show how this opportunity can work for you! Easy walking distance to all of Uptown's amenities, both universities and several LRT stations. Great opportunity for smart parent with kid going to one of the universities or entry level investor looking to start building a student housing portfolio.

Mortgage Financing

Purchase Price
$260,000.00
Interest Rate
3.19 %
Down Payment
$65,000.00
Amortization
30 years
Total Mortgage
$208,000.00
Mortgage Payments
$898.00

Monthly Variables

Rent Price
Rent (Mainfloor)
$1,590/month
Property Management Cost
10 %
Calculated Vacancy Rate
5 %
Monthly Maintenance Allowance
$100.00
Annual Property Tax
$2,664.00
Monthly Insurance Cost
$50.00
Monthly Condo Fee
$343.21
Net Monthly Cashflow
$-262.00
Appreciation
3 %

Additional Purchase Costs

Land Transfer Fees
$2,400.00
Legal Fees
$1,250.00
Inspection
$450.00
Appraisal
$350.00
Total Purchase Costs
$4,450.00
See Pro Forma
Inquire Now

* Disclaimer

"This document has been developed as an information resource, for illustration purposes only. This information has been obtained from various third-party sources. While Investor Life Inc. believes the information provided by the various third-party sources is reliable, the information has not been independently verified, and no representation or warranty is made as to the accuracy or completeness of such information. No person should act specifically on the basis of the material contained herein without considering and taking professional advice. By their nature, estimates of rents, expenses or ROI could differ materially from those that have been estimated. Investor Life Inc. makes no guarantees or warranties regarding the future value of real estate or cash flow, full diligence is still required by any user."

Rent

Mortgage Financing

$
%
$
years
$
$

Monthly Expenses

%
%
$
$
$
$
$
$
%

Additional Purchase Costs

$
Year 1 5 10 30
Cash Flow 0 0 0
Projected Appreciation 0 0 0
Mortgage Paydown 0 0 0
Condo Fees ($) 0 0 0
Net Gain: 0 0 0
Return on Investment: 0 0 0
Print and Save Pro Forma
Inquire Now

By entering your information and requesting an account on this site you are giving express permission to receive emails from Investor On Fire, Alberta On Fire, AREO and any of it's affiliates regarding company info, company announcements, changes to the website, product offerings, Economic updates, and newsletters. You are able to opt out of these emails by using the unsubscribe button at the bottom of each email.
Disclosure: Some links, referrals and agreements may be affiliate links, meaning at no additional cost to you, Investor LIfe Inc. may make a commission.
I/We agree that: InvestorOnFire operating from Professional Realty Group may receive a Referral Fee or Benefit for making this referral as a result of any future Purchase or Sale of a property, lease of a property, approved mortgage, completed by the Referred to brokerage.

I agree to terms and conditions listed above.