Townhouse For Sale
D2- Licensed Student Rental Investment Property
McDougall Road , Waterloo, ON, N2L 6N6
D2-Licensed- ALWAYS FULLY 12-MONTH LEASED
5 bed townhouse generates large cashflow,
students pay all utilities.
TURNKEY INVESTMENT- updated & all work done. excellent property management in place, or easily self managed. 5 min walk to U of W,
spacious above grade rooms, finished rec. room, no carpet, grass cutting and snow plowing done by condo.
EXCELLENT for either active or out-of-town investor. Or for parents looking for a safe, home away from home/investment in one, for university bound child.
OPTION to assume prime minus .70% mortgage with 36% down (then refinance in a few years)
A secure investment opportunity where demand will continue to surpass demand:
according to newspaper The Waterloo Record, April 2010, "Plans are taking shape to double the built size of university campus over 40 years." Right now there are 30,000 students at UofW, and 15,000 attend WLU. "Lots & lots of tenants to rent your rooms." Benjamin Bach, KW Commercial. "The demand for housing will continue to increase for decades."
For additional photos and information, please contact:
Dryer, Microwave, Stove, Washer, 2 Fridges, Dishwasher
Marble, Porcelain Tile & Durable Vinyl Laminate
Totally Finished, c/w Bathroom
Close to All Services
Land Transfer Tax Calculation Ontario
"The Land Transfer Tax in Waterloo, Ontario based on the selling price of $354,900.00 is $3,799.00."
* See the land transfer tax formula for Ontario