16 Columbia St W - Apartments FOR SALE


Waterloo, ON N2L 3K3- Waterloo North-West
$2,260,000 CAD
519-741-0950
16 Columbia St W, Waterloo, ON for Sale
$2,260,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

16 Columbia St W
Waterloo, ON N2L 3K3
Waterloo North-West


OVERVIEW

An exceptional opportunity to own a turnkey student rental property with a definite opportunity to increase rent as the tenants turnover, ideally situated within close proximity to two universities. This well-maintained building comprises four self-contained units across 20 bedrooms, purpose-built to meet the demands of the student rental market. Exceptionally well built and maintained, as soon as you view the building in person you can see how well this building was built. Each unit offers 5 generously proportioned bedrooms, expansive common areas, and two full bathrooms, providing the comfort and functionality today's student tenants expect. Every unit operates independently with its own furnace, central air conditioning, hot water heater, and in-suite laundry. Tenants pay their own hydro. Roof was just redone with extra income from the solar panels.

FOR SALE DETAILS

PRICE

$2,260,000 CAD

PRICE/SF

$587 CAD /SF

# OF UNITS

6

PRICE/UNIT

$376,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2005

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RMU-20

APN/PARCEL ID

301604125000900

ASK ABOUT THIS PROPERTY

Daniel OpenshawRe/Max Real Estate Centre IncMore Info
519-741-0950

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Daniel OpenshawRe/Max Real Estate Centre IncMore Info
519-741-0950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.