Office: (519) 885-0200

Cell: (519) 498-3274

charlene4realestate@rogers.com


LOADING

392 Erb Street W Waterloo, Ontario N2L 1W6

14 Bedroom 5 Bathroom
None Baseboard Heaters, Forced Air

$1,650,000

Opportunity to own a fully leased renovated four-plex located in a highly desirable area of Waterloo, one of Canada's premier rental markets. Well located in close proximity to the universities, highway access and downtown Waterloo. This four-plex features two five bedroom units, one four bedroom unit, and one bachelor unit. Current gross monthly rental revenue of $8,550 results in projected annual NOI of $77K and is priced at an approximate 4.7% cap rate. Current owner has invested a considerable amount of capital in a new roof, attic insulation, all windows and doors, parking lot extension, sub-metering, fire & life safety systems. In addition to the building improvements, the owners also made substantial renovations to each suite with high-end finishes throughout. The renovations include brand new kitchens with new cabinets, undermount sinks, hard-surface countertops installed, stainless steel appliances, brand new bathrooms, in-suite laundry in each unit, and new flooring throughout. Please contact listing agent for a detailed financial analysis. (id:39993)

Property Details

MLS® Number 40126988
Property Type Multi-family
Amenities Near By Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping
Equipment Type Water Heater
Features Park/reserve, Golf Course/parkland, Paved Driveway
Rental Equipment Type Water Heater

Building

Bathroom Total 5
Bedrooms Total 14
Appliances Microwave Built-in
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1967
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick, Concrete, Wood
Fire Protection Smoke Detectors, Alarm System
Fireplace Present No
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 190 Ft
Size Frontage 60 Ft
Size Total Text Under 1/2 Acre
Zoning Description Mr-6

https://www.realtor.ca/real-estate/23329967/392-erb-street-w-waterloo

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Andrew Mccreery
Broker

(289) 242-2661
(905) 338-3411
www.harveymccreery.com

RE/MAX Aboutowne Realty Corp., Brokerage
309 Lakeshore Road East Unit A
Oakville, Ontario L6J 1J3

(905) 338-9000
(905) 338-3411

Duncan Harvey
Broker

(905) 510-5995
(905) 338-3411
www.harveymccreery.com

RE/MAX Aboutowne Realty Corp., Brokerage
309 Lakeshore Road East Unit A
Oakville, Ontario L6J 1J3

(905) 338-9000
(905) 338-3411

Choose Charlene Cardow as your real estate agent in Kitchener-Waterloo and surrounding areas!

RE/MAX Twin City Realty inc.
83 Erb Street West
Waterloo, Ontario
N2L 6C2, Canada
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Phone: (519) 498-3274

Email: charlene4realestate@rogers.com

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