spruce st

9 Bedroom House has been listed for sale at 311 Spruce St in Waterloo for $1,499,800. Chat with a local expert, book a tour.

Canada

Ontario

Waterloo

Columbia District

311 Spruce St

311 Spruce St, For Sale in Waterloo - Zoocasa

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Nearly $112,000 projected gross annual income available here! Discover a prime real estate opportunity in the heart of waterloo, just a two-minute stroll from wlu and a short walk to the lively amenities of uptown, with convenient access to the uw. This strategically positioned triplexed building presents a rare prospect for private-sector investors, boasting three city-approved rental licenses. Unit a (5 beds) has undergone recent renovations, featuring updated flooring and fresh paint. Unit b (6 beds) offers significant potential for increased annual rental income upon tenant departure. Unit c (3 beds)  re-rented for september, 2024 at $2775 plus electricity ($7500+ annually more than current rents. This unit impress with spacious common areas. All units are designed with large common areas, in-suite and spacious bedrooms equipped with individual temperature control. The unit mix includes 3, 5, and 6 bedroom configurations, providing versatility and catering to various tenant needs. Parking is ample, and each unit features individual electrical meters. Units b and c present an additional opportunity to shift electrical costs to tenants upon re-rental, contributing to increased profitability. The roof, recently replaced in 2022, ensures a low-maintenance investment. This is an ideal fit for a range of investors, whether you're a veteran investor seeking a foothold in the lucrative waterloo rental market, a parent looking for the perfect location for your university-bound child, or a university employee desiring proximity to work with the added benefit of strong mortgage-helper income. The property's zoning may open doors to future development opportunities when combined with adjacent properties. Positive cash flow opportunity with 35% down and additional upswing potential. Investor worksheet is available to demonstrate how this property can work for you. Seize the chance to explore 311 spruce street.  Schedule a viewing with me or your favourite realtor today!

$100,000+ Gross Annual Income Available Here - With More Upswing Available!  This Triplexed Building Is Located Just A Two Minute Walk To To Wilfrid Laurier University, A Quick Walk To The Vibrant Amenities Of Uptown And An Easy Walk To University Of Waterloo. This Building Comes To You With Three City-Approved, Rental Licenses Issued By City Of Waterloo. Located On A Street With Properties That Are Predominantly Owned By Large Multi-Residential Rental Service Providers, This Is A Rare Opportunity For The Private Sector Investor!   Unit A Has Seen Thousands Of Dollars In Renos Before Going To Market With Some Newer Flooring And Paint.  Unit B Tenants Have Been In Place For A Couple Of Years.  There Is An Opportunity To Go To Market Rents And Increase Revenue Substantially On Tenant Departure In This Unit.  All Units Have Generously Sized Common Areas And Spacious Bedrooms With Individual Temperature Control.  Thoughtfully Designed With A Compelling Unit Mix Of 3, 5, And 6 Bedroom Units.  Ample Parking.  Note Individual Electrical Meters!  Opportunity On Units B And C To Move Electrical Costs To Tenant On Re-Rental.  Roof Done In 2022! This Money Maker Will Work Well For: Savvy Investor Looking For A Foothold In Lucrative Waterloo Rental Market, Parent Investor That Seeks The Ultimate Location For Their University Bound Child Or Even A University Employee That Wants To Live Close To Work And Generate Mortgage Helper Income Through The Other Units.  Zoning May Also Provide Future Development Opportunity When Combined With Adjacent Properties.  Let'S Book A Viewing Of 311 Spruce Street - Today! (Id:15898)

$100,000+ Gross Annual Income Available Here - With More Upswing Available! This Property, With A Purpose-Built Addition, Is Located Just A Two Minute Walk To Wilfrid Laurier University, A Quick Walk To The Vibrant Amenities Of Uptown And An Easy Walk To University Of Waterloo. This Triplex Comes To You With Three City-Approved, Rental Licenses Issued By City Of Waterloo. Ideal For Savvy Investor Looking For A Foothold In Lucrative Waterloo Rental Market.

$105,000+ Gross Annual Income Available Here - With More Upswing Available! This Triplexed Building Is Located Just A Two Minute Walk To To Wilfrid Laurier University, A Quick Walk To The Vibrant Amenities Of Uptown And An Easy Walk To University Of Waterloo. This Building Comes To You With Three City-Approved, Rental Licenses Issued By City Of Waterloo. Located On A Street With Properties That Are Predominantly Owned By Large Multi-Residential Rental Service Providers, This Is A Rare Opportunity For The Private Sector Investor! Unit A Has Seen Thousands Of Dollars In Renos Before Going To Market With Some Newer Flooring And Paint. Unit B Tenants Have Been In Place For A Couple Of Years. There Is An Opportunity To Go To Market Rents And Increase Revenue Substantially On Tenant Departure In This Unit. All Units Have Generously Sized Common Areas And Spacious Bedrooms With Individual Temperature Control. Thoughtfully Designed With A Compelling Unit Mix Of 3, 5, And 6 Bedroom Units. Ample Parking. Note Individual Electrical Meters! Opportunity On Units B And C To Move Electrical Costs To Tenant On Re-Rental. Roof Done In 2022! This Money Maker Will Work Well For: Savvy Investor Looking For A Foothold In Lucrative Waterloo Rental Market, Parent Investor That Seeks The Ultimate Location For Their University Bound Child Or Even A University Employee That Wants To Live Close To Work And Generate Mortgage Helper Income Through The Other Units. Zoning May Also Provide Future Development Opportunity When Combined With Adjacent Properties. Investor Work Sheet Available To Show How This Property Can Work For You!  Let'S Book A Viewing Of 311 Spruce Street - Today! (Id:15898)

$100,000+ gross annual income available here- with more upswing available! This property, with a purpose-built addition, is located just a two minutes walk to wilfred laurier university, a quick walk to the vibrant amenities of uptown and an easy walk to university of waterloo. This triplex comes to youb with three city approved, rental licenses issued by city if waterloo. Ideal for savy investor looking for a foothold in lucrative waterloo rental market. Thoughtfully designed with a compelling unit mix of 3, 5, and 6 bedroom units. Ample parking. Individual electrical meters! Opportunity on units b and c to move electrical costs to tenant on re-rental. Roof 2022, financials available.

Nearly $112,000 projected gross annual income available here!  This triplexed building is located just a two minute walk to to wilfrid laurier university,  a quick walk to the vibrant amenities of uptown and an easy walk to university of waterloo.  This building comes to you with three city-approved, rental licenses issued by city of waterloo. Located on a street with properties that are predominantly owned by large multi-residential rental service providers, this is a rare opportunity for the private sector investor! Unit a has seen thousands of dollars in recent renos before going to market with some newer flooring and paint. Unit b still has opportunity to further increase annual rental income to market rents and increase revenue substantially on tenant departure (by about $10,000+ per annum).   Unit c shows particularly well with large common area and eat in kitchen. All units have generously sized common areas, in suite laundry and spacious bedrooms with individual temperature control. Thoughtfully designed with a compelling unit mix of 3, 5, and 6 bedroom units. Ample parking. Note individual electrical meters! Opportunity on units b and c to move electrical costs to tenant on re-rental. Roof done in 2022!  This money maker will work well for: savvy investor looking for a foothold in lucrative waterloo rental market, parent investor that seeks the ultimate location for their university bound child or even a university employee that wants to live close to work and generate mortgage helper income through the other units. Zoning may also provide future development opportunity when combined with adjacent properties.  Rare opportunity that provides positive cash flow with 35% down - with more upswing still available.  Investor work sheet available to show how this property can work for you! Let's book a viewing of 311 spruce street with me - or your favourite realtor - today! (id:15898)

Nearly $112,000 projected gross annual income available here - with more upswing available! This triplex, with a purpose-built addition, is located a 2 minute walk to wilfrid laurier university, a quick walk to the vibrant amenities of uptown & an easy walk to the university of waterloo.  The building comes to you with 3 city-approved rental licenses issued by the city of waterloo. Ideal for savvy investor looking for a foothold in lucrative waterloo rental market. Thoughtfully designed with a compelling mix of 3, 5, & 6 bedroom units. Ample parking. Individual electrical meters. Opportunity on units b & c to move electrical costs to tenant on re-rental. Roof 2022. Financials available.

Nearly $112,000 projected gross annual income available here! Discover a prime real estate opportunity in the heart of waterloo, just a two-minute stroll from wlu and a short walk to the lively amenities of uptown, with convenient access to the uw. This strategically positioned triplexed building presents a rare prospect for private-sector investors, boasting three city-approved rental licenses. Unit a has undergone recent renovations, featuring updated flooring and fresh paint. Unit b offers significant potential for increased annual rental income upon tenant departure.  Unit c re-rented for september, 2024 at $2775 plus electricity ($7500+ annually more than current rents.  This unit impress with spacious common areas. All units are designed with generously sized common areas, in-suite and spacious bedrooms equipped with individual temperature control. The unit mix includes 3, 5, and 6 bedroom configurations, providing versatility and catering to various tenant needs. Parking is ample, and each unit features individual electrical meters. Units b and c present an additional opportunity to shift electrical costs to tenants upon re-rental, contributing to increased profitability. The roof, recently replaced in 2022, ensures a low-maintenance investment. This is an ideal fit for a range of investors, whether you're a veteran investor seeking a foothold in the lucrative waterloo rental market, a parent looking for the perfect location for your university-bound child, or a university employee desiring proximity to work with the added benefit of strong mortgage-helper income. The property's zoning may open doors to future development opportunities when combined with adjacent properties. Positive cash flow opportunity with 35% down and additional upswing potential.  Investor worksheet is available to demonstrate how this property can work for you. Seize the chance to explore 311 spruce street—schedule a viewing with me or your favourite realtor today! (id:15898)

Nearly $112,000 projected gross annual income available here! Discover a prime real estate opportunity in the heart of waterloo, just a two-minute stroll from wlu and a short walk to the lively amenities of uptown, with convenient access to the uw. This strategically positioned, triplexed building presents a rare prospect for private-sector investors, boasting three city-approved rental licenses. Unit a has undergone recent renovations, featuring updated flooring and fresh paint. Unit b offers significant potential for increased annual rental income upon tenant departure and is currently undergoing renovations (paint and flooring). Unit c re-rented for september, 2024 at $2775 plus electricity ($7500+ annually more than current rents. This unit impress with spacious common areas. All units are designed with generously sized common areas, in-suite and spacious bedrooms equipped with individual temperature control. The unit mix includes 3, 5, and 6 bedroom configurations, providing versatility and catering to various tenant needs. Parking is ample, and each unit features individual electrical meters. Units b and c present an additional opportunity to shift electrical costs to tenants upon re-rental, contributing to increased profitability.  The roof, recently replaced in 2022, ensures a low-maintenance investment. This is an ideal fit for a range of investors, whether you're a veteran investor seeking a foothold in the lucrative waterloo rental market, a parent looking for the perfect location for your university-bound child, or a university employee desiring proximity to work with the added benefit of strong mortgage-helper income. The property's zoning may open doors to future development opportunities when combined with adjacent properties. Positive cash flow opportunity with 35% down and additional upswing potential. Investor worksheet is available to demonstrate how this property can work for you. Seize the chance to get your hands on this money maker! (id:15898)

311 Spruce StHouse · Waterloo, ON

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