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75 Albert Street Waterloo, Ontario N2L 3S4

3611
None Hot Water Radiator Heat

$879,900

$72,000 Annualized Gross Income with Opportunity for More! Perennially rented! Rental licensed, City-approved opportunity in desirable MacGregor Albert Heritage Conservation District! 3600+ SF. Building format has two 5 bedroom units. Spacious units with over sized bedrooms/common areas in a classical, mini-mansion setting that tenants desire! Note separate electrical meters. Punch code, keyless entry to units. Detached garage. Large common areas. Multiple bathrooms per unit. Rental rates can be increased significantly on re-rental while operating costs can be off-loaded to tenants for even bigger net income. Almost across the street from Waterloo Park with an easy walk to Uptown, LRT and both universities. Ideal opportunity for: buyer looking to owner occupy while seeking mortgage helper income or for value investor seeking to add residential income to a diversified investment portfolio. Investor work sheet available to show how this cash flow positive opportunity (with just 20% down) can work for you! (id:36938)

Property Details

MLS® Number 30781566
Property Type Multi-family
Amenities Near By Recreation, Park, Public Transit, Schools
Community Features Community Centre
Equipment Type Water Heater
Features Park Setting, Park/reserve, Double Width Or More Driveway, Paved Driveway
Parking Space Total 3
Rental Equipment Type Water Heater

Building

Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1906
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 3
Size Interior 3611
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Fence Type Partially Fenced
Land Amenities Recreation, Park, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 76 Ft
Size Frontage 76 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rc 1

Utilities

Water Available

https://www.realtor.ca/real-estate/22362062/75-albert-street-waterloo

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