20 - 12 Bridgeport Road E , Waterloo

6 Bed / 2 Bath / $425,000 / MLS® Listing #:30813511

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Nearly $41,000 Potential Gross Income Available Here! Positive cash flow opportunity with just 20% down - boasting a projected 5 percent cap rate. This is the only 6 bedroom suite in the development! Suite was developed in 2002 utilizing industrial era (1900's) post and beam building shell. Uber cool with true loft feel. Bare naked brick, exposed post and beam, high ceilings. Character abounds! Many recent interior improvements. Bike room, games room and laundry cater to the occupants. Rental licensed, Class Z6 license - City approved. Walk Score of 97 - Walkers Paradise! Close to all amenities tenants desire including two LRT stops, Uptown and its shopping/night life scene, library, Waterloo Park as well as walking distance to both universities. Condo fees $730 per month which include exterior maintenance, water, garbage removal and a parking spot. Airbnb is permitted in this development. REALTOR.ca consumers - click on Brochure icon below for investor work sheet which has full financials, combined with contemporary financing, to show how this opportunity can work for you! Written lease in place to end of April. (id:10452)

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Property Details

Property Type Condo Apt
Square Feet 1599 sqft
Maintenance $730.00
Days On Our Website 28
Basement - None
Kitchens 1
Lot Dimensions under 1/2 acre
Pool N/A
Area Waterloo
Air Conditioning None
Heating Natural gas - Forced air
Exterior Brick, Stucco, Wood
Parking Spaces 1
Parking Type No Garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: ROYAL LEPAGE GRAND VALLEY REALTY



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