$425,000

12 Bridgeport Road E #20

Waterloo ON, N2J 2J3

Description

Nearly $41,000 Potential Gross Income Available Here! Positive cash flow opportunity with just 20% down - boasting a projected 5 percent cap rate. This is the only 6 bedroom suite in the development! Suite was developed in 2002 utilizing industrial era (1900's) post and beam building shell. Uber cool with true loft feel. Bare naked brick, exposed post and beam, high ceilings. Character abounds! Many recent interior improvements. Bike room, games room and laundry cater to the occupants. Rental licensed, Class Z6 license - City approved. Walk Score of 97 - Walkers Paradise! Close to all amenities tenants desire including two LRT stops, Uptown and its shopping/night life scene, library, Waterloo Park as well as walking distance to both universities. Condo fees $730 per month which include exterior maintenance, water, garbage removal and a parking spot. Airbnb is permitted in this development. REALTOR.ca consumers - click on Brochure icon below for investor work sheet which has full financials, combined with contemporary financing, to show how this opportunity can work for you! Written lease in place to end of April.

Details

MLS#30782840
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2002
Days On Site54

Features

SQ Feet1,428
Units1
Building(s)1
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Area Information
ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2J 2J3
Area1 - Waterloo East
Listing VS Median (in N2J 2J3)
Price:
$425,000
low | high
Med:
$425,000
50% of Average
SqFt:
1,428
low | high
Med:
714
100% of Average
$ / SqFt:
$298
low | high
Med:
$149
100% of Average
On Site:
54
low | high
Med:
54
100% of Average
Listing Updated: 08/09/2020
MIKE MILOVICK LogoMLS Number: 30782840
Listing Provided By:
MIKE MILOVICK  of  ROYAL LEPAGE GRAND VALLEY REALTY
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