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$2,260,000

20 Beds 8 Baths 5,200 SQFT 0.00 Acres
Type: Multi-Family

16 Columbia Street W
Waterloo, ON N2L 3K3

MLS#: 40822291
Kalyan Jasani
Kalyan Jasani
Condo Digs
Sales Representative
Phone: 647.784.1221
Office: 416.203.6636
Presented by: RE/MAX Real Estate Centre Inc.

Property Description

 

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.


 

Interior Features

Bedrooms

Total Bedrooms20

Bathrooms

Total Baths8

Other Interior Features

Above Grade Finished Area5,200 sqft
Above Grade Finished Area Unit Type0 sqft
Air Conditioning Y/NNo
BasementNone
Below Grade Finished Area Unit Type0 sqft
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesSeparate Heating Controls, Separate Hydro Meters
Laundry FeaturesCommon Area, Shared
Total Stories4

General

AppliancesDishwasher, Dryer, Refrigerator, Stove, Washer
Building Area Units0 sqft
CityWaterloo
Construction MaterialsBrick, Vinyl Siding
CoolingCentral Air
CountyWaterloo
DirectionsSpruce St (short walk to Universities)
Garage Y/NNo
HeatingForced Air, Natural Gas
Living Area5,200 sqft
MLS Area4 - Waterloo West
MLS Area Minor417 - Beechwood/University
New ConstructionNo
Number Of Units Total4
Open Parking Spaces4
Property SubtypeMulti-4 Unit
Property TypeResidential Income
RoofAsphalt Shing
Security FeaturesSmoke Detector
Senior Community Y/NNo
SewerSewer (Municipal)
Standard StatusActive
StatusActive
Stories Count3
ZoningRMU-20

Exterior

Building Area Total5,200 sqft
Crops Included Y/NNo
Foundation DetailsPoured Concrete
Frontage Length50 sqft
Frontage TypeNorth
InclusionsSmoke Detector
Lot Dimensions50 x 124
Lot FeaturesPublic Transit, Schools
Number of Buildings0
Total Parking4
Water SourceMunicipal
Waterfront Y/NNo

Additional Details

Schools 

High School Hubert H Humphrey Middle School
Elementary School Big Hollow Elementary School

  

Similar Properties

$2,260,000

20 Beds 8 Baths 5,200 SQFT 0.00 Acres
Type: Multi-Family

16 Columbia Street W
Waterloo, ON N2L 3K3

MLS#: 40822291
Kalyan Jasani
Kalyan Jasani
Condo Digs
Sales Representative
Phone: 647.784.1221
Office: 416.203.6636
RE/MAX Condos Plus Corp. Brokerage
45 Harbour Sq. Toronto, ON M5J 2G4

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