Townhouse For Sale in Waterloo, Ontario - McDougall Road

Waterloo Single Family Homes For Sale By Owner

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Townhouse For Sale

D2- Licensed Student Rental Investment Property

McDougall Road , Waterloo, ON, N2L 6N6
Owner`s Description
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:

Property Features
Dryer, Microwave, Stove, Washer, 2 Fridges, Dishwasher
Floor Covering:
Marble, Porcelain Tile & Durable Vinyl Laminate
Totally Finished, c/w Bathroom
Parking Spaces:
Location Details:
Close to All Services
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 Andre GapRealty

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Listing Owner
 Andre GapRealty

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Property Summary
Property ID:  10620
Property Cat:  Townhouse
Property Type:  Homes
Beds:  5
Baths:  4

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
+ $0 to $55,000.00 - land transfer tax is 0.5%
+ $55,000.00 to $250,000.00 - land transfer tax is 1.0
+ $250,000.00 to $400,000.00 - land transfer tax is 1.5%
$400,000.00 and up - land transfer tax is 2.0%

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See Also: Waterloo Real Estate     Waterloo Condos For Sale     Waterloo Townhouse For Sale

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