423 TAMARACK Drive , Waterloo

3 Bed / 2 Bath / $749,000 / MLS® Listing #:40164136

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$43,200 Gross Annual Income Available here with tenants on multi-year lease. This building is City-approved operation that generates positive cash flow with 35% down. Legal money maker! This rental licensed property with a registered accessory apartment has a desirable four and three bedroom lay out. Main floor unit has a large eat in kitchen and spacious living. Building is carpet free - with thin plank hardwood throughout main, laminate through lower level and ceramics in kitchen and bathrooms. Good, clean tenants. Note extensive side deck with a large backyard that all tenants enjoy! Note walk up from basement. Location within walking distances to both universities, St. David's Highschool, shopping (including Beer Store) and groceries (new Farm Boy) and public transit (including bus route that goes directly to main entrance of WLU). This opportunity is ideal for: extended, multi-generational family, parent investor with kid going to school, or shrewd investor seeking positive cash flow in one of Ontario's perennial Top Ten Towns or even parent investor. Tough to beat! Let's set up a showing Today! (id:10452)

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Property Details

Property Type House
Architectural Style Bungalow
Square Feet 1073.0000
Maintenance N/A
Days On Our Website 31
Basement Finished - Full (Finished)
Kitchens 2
Lot Dimensions under 1/2 acre
Pool N/A
Area Waterloo
Air Conditioning None
Heating Natural gas - Forced air
Exterior Brick, Wood
Parking Spaces 5
Parking Type Attached Garage,Attached Garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: ROYAL LEPAGE GRAND VALLEY REALTY



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