REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,275,000
Est. payment | /mo
$ 3,275,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X12334225
Annual Tax Amount $34,536
Tax Year 2024
Property Sub-Type Investment
Property Description
Rockway low-rise with stable in-place income and clear mark-to-market upside. 16 suites (102BR, 51BR, 13BR) in a 1980 walk-up, separately metered hydro, gas-furnace common systems, and roof replaced Oct 2023. Several suites have been updated with modern finishes; others remain in clean, rent-ready conditionideal for an investor to capture organic rent growth on turnover without a heavy CapEx program. On-site laundry (2), 16 storage lockers, and 17 surface parking stalls. Family-friendly pocket near parks, schools, Fairway shopping, and transit including Courtland buses & Block Line LRT. R-6 zoning. Strong tenant appeal today with additional upside through suite refreshes as leases roll.
Location
Province ON
County Waterloo
Area Waterloo
Zoning R2
Interior
Cooling No
Inclusions Existing fridges, stoves, shared laundry equipment, storage lockers.
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Lot
Others
Virtual Tour https://youtu.be/MrH0mwxGtfw
Lited by REAL BROKER ONTARIO LTD.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "