Maintenance, Insurance, Parking, Water
$840.74 MonthlyPositive Cash Flow opportunity in the heart of Waterloo! This fully leased 5-bedroom, 2-bathroom condo unit at 392 Albert Street, Unit 204 offers a rare opportunity to own a high-performing rental property just minutes from the University of Waterloo and Wilfrid Laurier University. Currently rented, this property generates a strong annual income of $48,000. Inside, the unit features a modern kitchen complete with maple cabinetry, a double sink, and included appliances—fridge, stove, and dishwasher. The open-concept living and dining area is spacious and bright, enhanced by a Juliette balcony with west-facing exposure that brings in plenty of natural light. Each of the five bedrooms is generously sized and comes fully furnished with a bed, desk, and chest of drawers, making this a truly turnkey investment. The unit includes two full bathrooms—one 3-piece and one 4-piece—offering convenience for shared living. Additional highlights include durable vinyl plank flooring throughout (completely carpet-free), hydronic hot water heating, a sprinkler system, intercom access, and deadbolts on all bedroom doors for added safety and privacy. This low-maintenance condo is ideally suited for turn key income and offers excellent long-term rental potential in one of the perennially best rental markets in Canada. (id:35544)
| MLS® Number | 40749468 |
| Property Type | Single Family |
| AmenitiesNearBy | Place Of Worship, Public Transit, Schools |
| EquipmentType | None |
| Features | Southern Exposure, Balcony, Country Residential, Laundry- Coin Operated |
| ParkingSpaceTotal | 1 |
| RentalEquipmentType | None |
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Dishwasher, Refrigerator, Stove |
| BasementType | None |
| ConstructedDate | 2015 |
| ConstructionStyleAttachment | Attached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| HeatingType | Forced Air, Hot Water Radiator Heat |
| StoriesTotal | 1 |
| SizeInterior | 1470 Sqft |
| Type | Apartment |
| UtilityWater | Municipal Water |
| Underground | |
| Covered |
| Acreage | No |
| LandAmenities | Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeTotalText | Unknown |
| ZoningDescription | R9 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Primary Bedroom | 15'0'' x 11'3'' | ||
| Main Level | Living Room | 12'11'' x 20'8'' | ||
| Main Level | Kitchen | 8'10'' x 10'5'' | ||
| Main Level | Dining Room | 12'10'' x 12'9'' | ||
| Main Level | Bedroom | 15'1'' x 8'3'' | ||
| Main Level | Bedroom | 15'0'' x 8'3'' | ||
| Main Level | Bedroom | 15'0'' x 8'3'' | ||
| Main Level | Bedroom | 8'3'' x 16'7'' | ||
| Main Level | 4pc Bathroom | 7'11'' x 5'4'' | ||
| Main Level | 3pc Bathroom | 5'10'' x 8'3'' |
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