22 James Street Waterloo, Ontario N2J 2S9

$1,599,000

Discover an exceptional investment opportunity in a vibrant Waterloo neighbourhood. This multiplex offers strong, dependable cash flow with over $80K in annual gross rental income, while providing excellent potential for future rental growth. The property comprises five self-contained apartments with a total of 10 spacious bedrooms and 5 full kitchens, making it an ideal addition to any investment portfolio. Offering peace of mind for both owners and tenants, the building is equipped with a hard-wired fire alarm system throughout all units and common areas. Positioned in a prime location just steps from Wilfred Laurier University, University of Waterloo, Conestoga College and vibrant Uptown Waterloo, the property benefits from consistent demand from students, faculty, and young professionals alike. Residents enjoy convenient access to the ION Light Rail, Waterloo Park, shopping, grocery stores, cafés, restaurants, fitness centres, entertainment venues, and the region's thriving technology corridor, home to many of Canada's leading employers. This property offers a compelling opportunity to increase revenue over time while benefiting from long-term appreciation. Whether you're expanding an established portfolio or acquiring your first multi-residential asset, this turnkey investment combines immediate income, future upside, and an unbeatable location. (id:55460)

Property Details

MLS® Number	X14163818
Property Type	Multi-family
Amenities Near By	Public Transit, Schools, Park
Features	Irregular Lot Size
Parking Space Total	6

Building

Bathroom Total	6
Bedrooms Above Ground	10
Bedrooms Total	10
Appliances	Water Heater, Window Coverings
Basement Features	Apartment In Basement
Basement Type	N/a
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Foundation Type	Poured Concrete
Half Bath Total	1
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	2,500 - 3,000 Sqft
Type	Fourplex
Utility Water	Municipal Water

Parking

Garage

Land

Acreage	No
Land Amenities	Public Transit, Schools, Park
Sewer	Sanitary Sewer
Size Depth	90 Ft ,7 In
Size Frontage	76 Ft
Size Irregular	76 X 90.6 Ft
Size Total Text	76 X 90.6 Ft|under 1/2 Acre

https://www.realtor.ca/real-estate/30495371/22-james-street-waterloo