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. Both Unit B and Unit C offer significant potential for increased annual rental income leading to a substantial revenue boost upon tenant departure. Unit C impresses with its spacious common area and a well-appointed eat-in kitchen.

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!