Estimated Cash Flow
$-244.00/ month
Asking Price
$239,900.00
Potential Rent
$1,335.00/ month
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DP763711 Kitchener/Waterloo
511 ALBERT ST, WATERLOO, ON N2L 5A7

$15,540+ Projected Annual Gross Income! Leases in place to end of August, 2018 with opportunity to significantly increase revenue on re-rental. This is a City-approved rental licensed (D-2) opportunity for five rental bedrooms available in a 100% rental condo complex. Ideal for entry level investor or home for university bound child. Spacious, end unit (these units are larger than interior units). Updated oak kitchen cabinetry, lower level bedroom recently modernized. Current tenants pay $299, $299, $299, $199 and $199. Landlord enjoys an additional $40 a month for parking. Condo fees just $320 per month. Shows very clean. Easy walk to both universities and on bus route. Across the street from student desirables; beer, pizza and coffee. Direct bus to front steps of WLU. Just 0.8 of a kilometer to University of Waterloo. Historically, well managed condo corporation, with pro-landlord unit owners. Reasonable condo fees.

Address listed is a placeholder, for the actual property location, please contact.  Please confirm land transfer fees when inquiring.

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