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102 Albert Street Waterloo, Ontario N2L 3S8

8 Bedroom 5 Bathroom 2973
Central Air Conditioning Forced Air

$899,900

$63,000+ Gross Annual Income Available Here! Income with Character! This duplexed Neoclassical house with Queen Anne front addition is located in the desirable MacGregor Albert Heritage Conservation area. This is NOT a drive by. The understated front façade belies the massive amount of space in this building. With nearly 3000 square feet and untapped potential in the partially finished, full ceiling height, basement, opportunity abounds! This property could work especially well for an owner occupier seeking mortgage helper income or even parent investor. Recently minted rental licenses with Class D2 and Class A4 license to allow for 8 (4+4) rental bedrooms. Buy with confidence: recent City of Waterloo fire inspection done February, 2021. Updates: main unit furnace (2020), commercial grade water heater (2020), parking lot (2021), eavestroughs (2021), washing machine (2020), dryer (2020), institutional grade kitchen in main unit. Note multiple bathrooms per unit. Furnishings included. A truly turn key operation. Don't miss this positive cash flow opportunity with 20% down! Investor work sheet available with full financials available. (id:36631)

Property Details

MLS® Number 40080685
Property Type Multi-family
Amenities Near By Public Transit, Schools
Equipment Type None
Features Paved Driveway
Parking Space Total 3
Rental Equipment Type None
Structure Porch

Building

Bathroom Total 5
Bedrooms Total 8
Basement Development Partially Finished
Basement Type Crawl Space (partially Finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding, Brick
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2973
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 108 Ft
Size Frontage 73 Ft
Size Irregular 0.14
Size Total 0.14 Ac|under 1/2 Acre
Size Total Text 0.14 Ac|under 1/2 Acre
Zoning Description Rc1

https://www.realtor.ca/real-estate/22952940/102-albert-street-waterloo

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