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)
INVESTORS DREAM
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:
GapRealty@gmail.com
"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%
* MLS® and Multiple Listing Service® are trademarks of the Canadian Real Estate Association. PropertySold.ca Inc. is not associated with CREA or their trademarks. REALTORS® and REALTOR® are trademarks of the NATIONAL ASSOCIATION OF REALTORS®. PropertySold.ca Inc. is not associated with the NAR or their trademarks.
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