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Waterloo,ON N2L3X8
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,214 sqft
Price per Sqft $423
Subdivision 421 - Lakeshore/Parkdale
MLS Listing ID 40708528
Bedrooms 5
Originating Board Cornerstone - Waterloo Region
Property Sub-Type Freehold
Property Description
Prime Investment Opportunity – 5-Bedroom Licensed Rental with Future Development Potential! This rare 5-bedroom, 3-full-bath single detached home is a turnkey investment featuring a single deep garage with 4 parking spaces in the driveway. Holding a Class D - Class 2 rental license and located just minutes from two major universities, this property is ready for immediate rental income. Recent upgrades include 2019 air conditioners and a hot water heater, as well as bathroom sink updates from 2019-2020. The home also offers a main floor office for remote work and boasts new flooring in the third-floor bedrooms, while an insulated garage door adds to its energy efficiency. Incorporated with the city's “Missing Middle” housing initiative, this property is currently undergoing a zoning change that will allow for multi-unit development, unlocking exciting opportunities for expansion or redevelopment. Don't miss this unique chance to secure a high-demand rental in a prime location with significant future value potential! For more details on the zoning changes, visit: Waterloo HAF Initiative. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Second level 16'7'' x 9'4'' Kitchen
Extra Room 2 Second level 17'2'' x 11'1'' Dining room
Extra Room 3 Second level 17'10'' x 17'0'' Living room
Extra Room 4 Third level Measurements not available 4pc Bathroom
Extra Room 5 Third level 12'6'' x 12'7'' Bedroom
Extra Room 6 Third level 8'11'' x 13'0'' Bedroom
Interior
Heating ,Forced air,
Cooling Central air conditioning
Exterior
Parking Features Yes
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold